The Stemple Corporation data for the current year:

What would a horizontal analysis report with respect to current assets show?
A)Inventory turnover of 7.11 times
B)Current ratio of 1.24
C)A 22% increase in current assets
D)Current assets as 26.61% of total assets

Question

The Stemple Corporation data for the current year:

What would a horizontal analysis report with respect to current assets show?
A)Inventory turnover of 7.11 times 
B)Current ratio of 1.24 
C)A 22% increase in current assets 
D)Current assets as 26.61% of total assets

Quizplus · Accepted Answer

C)
Current assets - Prior $42,000
Current 51,240
Increase 9,240/42,000 = 22%

The Stemple Corporation Data for the Current Year