Tools of financial statement analysis

Tools of financial statement analysis
Schellhammer Corporation reported the following amounts in 2013, 2014, and 2015.
2013
2014
2015
Current assets
$200,000
$210,000
$240,000
Current liabilities
$150,000
$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 Schellhammer”s current assets.

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