The comparative balance sheet of Nathan Company appears below: $\begin{array}{c}
\text { NATHAN COMPANY}\
\text { Comparative Balance Sheet}\
\text { December 31,}\\\begin{array}{lcc}
\text { Assets } & 2017 & 2016 \
\text { Current assets } & \$ 420 & \$ 333 \
\text { Plant assets } & 780 & 567 \
\text { Total assets } & \$ 1,200 & 690 \
\
\text {Liabilities and stockholders' equity}\
\text {Current liabilities}&\$168&\$144\
\text {Long-term debt}&300&162\
\text {Common stock}&432&306\
\text {Retained earnings}&300&288\
\text {Total liabilities and stockholders' equity}&\$1,200&\$900
\end{array}\end{array}$ Instructions
(a) Using horizontal analysis show the percentage change for each balance sheet item using 2016 as a base year.
(b) Using vertical analysis prepare a common size comparative balance sheet.

Question

The comparative balance sheet of Nathan Company appears below: $\begin{array}{c}
\text { NATHAN COMPANY}\
\text {  Comparative Balance Sheet}\
\text {  December 31,}\\\begin{array}{lcc}
 \text { Assets } & 2017 & 2016 \
 \text { Current assets } & \$ 420 & \$ 333 \
 \text { Plant assets } & 780 & 567 \
\text { Total assets } & \$ 1,200 & 690 \
\
\text {Liabilities and stockholders' equity}\
\text {Current liabilities}&\$168&\$144\
\text {Long-term debt}&300&162\
\text {Common stock}&432&306\
\text {Retained earnings}&300&288\
\text {Total liabilities and stockholders' equity}&\$1,200&\$900
\end{array}\end{array}$ Instructions
(a) Using horizontal analysis show the percentage change for each balance sheet item using 2016 as a base year.
(b) Using vertical analysis prepare a common size comparative balance sheet.

Quizplus · Accepted Answer

The Answer of The comparative balance sheet of Nathan Company appears below: $\begin{array}{c}
\text { NATHAN COMPANY}\
\text {  Comparative Balance Sheet}\
\text {  December 31,}\\\begin{array}{lcc}
 \text { Assets } & 2017 & 2016 \
 \text { Current assets } & \$ 420 & \$ 333 \
 \text { Plant assets } & 780 & 567 \
\text { Total assets } & \$ 1,200 & 690 \
\
\text {Liabilities and stockholders' equity}\
\text {Current liabilities}&\$168&\$144\
\text {Long-term debt}&300&162\
\text {Common stock}&432&306\
\text {Retained earnings}&300&288\
\text {Total liabilities and stockholders' equity}&\$1,200&\$900
\end{array}\end{array}$ Instructions
(a) Using horizontal analysis show the percentage change for each balance sheet item using 2016 as a base year.
(b) Using vertical analysis prepare a common size comparative balance sheet.

The Comparative Balance Sheet of Nathan Company Appears Below Instructions (A) Using Horizontal Analysis Show the Percentage Change for

The Comparative Balance Sheet of Nathan Company Appears Below Instructions
(A) Using Horizontal Analysis Show the Percentage Change for