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Prepare a Horizontal Analysis by Computing the Amounts and Percentage

Question 146

Essay

Prepare a horizontal analysis by computing the amounts and percentage changes for the following balance sheet items; place your answers in the blanks provided.
AssetsCurent assetsProperty, plant, and equipmentTotal assetsLiabilities and Stocklıollers’ EquityLiabilitiesStockholders’ equityTotal liabilities and stockholders equity Year 2$6,50022,000$28,500$5,50023,000228,500 Year 1  Amount  Percentage $5,00025,000$30,000$10,00020,000$30,000\begin{array}{c}\begin{array}{|l|}\hline \\\hline\text{Assets}\\\hline\text{Curent assets}\\\hline\text{Property, plant, and equipment}\\\hline\text{Total assets}\\\hline\\\hline\text{Liabilities and Stocklıollers' Equity}\\\hline\text{Liabilities}\\\hline\text{Stockholders' equity}\\\hline\text{Total liabilities and stockholders equity}\\\hline\end{array}\begin{array}{l|}\hline \text { Year } 2\\\hline \\\hline \$6,500 \\\hline 22,000 \\\hline \$28,500 \\\hline \\\hline \\\hline \$5,500 \\\hline 23,000 \\\hline 228,500 \\\hline\end{array}\begin{array}{l|l|l|}\hline \text { Year 1 } & \text { Amount } & \text { Percentage } \\\hline & & \\\hline \$ 5,000 & & \\\hline 25,000 & & \\\hline \$ 30,000 & & \\\hline & & \\\hline & & \\\hline \$10,000& & \\\hline 20,000 & & \\\hline \$ 30,000 & & \\\hline\end{array}\end{array}

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