The Nichols Corporation data for the current year:

What would a horizontal analysis report with respect to current assets?
A)Inventory turnover of 9.17 times
B)Current ratio of 1.06
C)A 26.00% increase in current assets
D)Current assets as 40.60% of total assets

Question

The Nichols Corporation data for the current year:

What would a horizontal analysis report with respect to current assets?
A)Inventory turnover of 9.17 times 
B)Current ratio of 1.06 
C)A 26.00% increase in current assets 
D)Current assets as 40.60% of total assets

Quizplus · Accepted Answer

C)
Current assets - Prior $60,000
Current 75,600
Increase 15,600/60,000 = 26%

The Nichols Corporation Data for the Current Year