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Write a letter to your Uncle Sammy which answers his questions. Schellhammer Corporation reported the...

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Question

Accounting

Write a letter to your Uncle Sammy which answers his questions.

Schellhammer Corporation reported the following amounts in 2014, 2015, and 2016.

2014 2015 2016

Currentassets $200,000 $210,000 $240,000

Current liabilities150,000 168,000 184,000

Total assets 500,000 600,000 620,000

Instructions

(a) Identify and describe the three tools of financial statement analysis. (b) Perform each of the three types of analysis on Schellhammers current assets.

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