Business Assignment- Horizontal Analysis
Perform a horizontal analysis of this balance sheet and identify any accounts that may be questionable. Take into account technology industry trends when performing the analysis
| Given data: | ||||
| 2007 | 2008 | 2009 | 2010 | |
| Cash | $1,000 | $1,200 | $1,400 | $1,500 |
| Accounts receivable | $250 | $375 | $600 | $900 |
| Inventory | $600 | $700 | $825 | $975 |
| PP&E (net) | $1,500 | $1,700 | $1,800 | $1,950 |
| Notes receivable | $500 | $500 | $500 | $500 |
| Total asset | $3,850 | $4,475 | $5,125 | $5,825 |
| Accounts payable | $700 | $900 | $1,000 | $1,100 |
| Other current liabilities | $200 | $300 | $350 | $425 |
| Notes payable | $1,200 | $1,400 | $1,500 | $1,750 |
| Total liabilities | $2,100 | $2,600 | $2,850 | $3,275 |
| Stock outstanding | $1,000 | $1,000 | $1,000 | $1,000 |
| Retained earning | $750 | $875 | $1,275 | $1,550 |
| Total shareholders' equity | $1,750 | $1,875 | $2,275 | $2,550 |
| Total liabilities and shareholders' equity | $3,850 | $4,475 | $5,125 | $5,825 |
USA 
India