Selected financial information for Trant Corporation is presented below. $$\begin{array} { l c c }
& \text { December 31,2017 } & \text { December 31, 2016 } \
\text { Current assets } & \$ 55,000 & \$ 40,000 \
\text { Long-term liabilities } & 90,000 & 80,000 \
\text { Retained earnings } & 125,000 & 100,000
\end{array}$$ Instructions
Prepare a schedule showing a horizontal analysis for 2017 using 2016 as the base year.

Question

Selected financial information for Trant Corporation is presented below. $$\begin{array} { l c c } 
& \text { December 31,2017 } & \text { December 31, 2016 } \
\text { Current assets } & \$ 55,000 & \$ 40,000 \
\text { Long-term liabilities } & 90,000 & 80,000 \
\text { Retained earnings } & 125,000 & 100,000
\end{array}$$ Instructions
Prepare a schedule showing a horizontal analysis for 2017 using 2016 as the base year.

Quizplus · Accepted Answer

The Answer of Selected financial information for Trant Corporation is presented below. $$\begin{array} { l c c } 
& \text { December 31,2017 } & \text { December 31, 2016 } \
\text { Current assets } & \$ 55,000 & \$ 40,000 \
\text { Long-term liabilities } & 90,000 & 80,000 \
\text { Retained earnings } & 125,000 & 100,000
\end{array}$$ Instructions
Prepare a schedule showing a horizontal analysis for 2017 using 2016 as the base year.

Selected Financial Information for Trant Corporation Is Presented Below Instructions Prepare a Schedule Showing a Horizontal Analysis for 2017

Selected Financial Information for Trant Corporation Is Presented Below Instructions
Prepare a Schedule Showing a Horizontal Analysis for 2017