From the comparative balance sheet of Dean Corporation in Figure 22.14 do the following: a. Prepare a
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a. Prepare a horizontal analysis of each item for the amount of increase or decrease as well as the percent increase or decrease (to the nearest tenth of a percent).
b. Vertically analyze the 2013 column of the balance sheet (to the nearest tenth of apercent).
Transcribed Image Text:
DEAN CORPORATION COMPARATIVE BALANCE SHEET DECEMBER 31, 2013, AND DECEMBER 31, 2012 December 31 2013 Assets 2012 Current Assets: Cash Accounts Receivable, Net Merchandise Inventory Prepaid Expenses 5010101010() 42() ()|01()() 00000 2000000 15000o0o IS1200 0000 Total Current Assets Plant and Equipment: 10001010|00 8001()|()|00 Total Assets Liabilities Current Liabilities: 100000 250000 Notes Pavable Accounts Payable Total Current Liabilities Long Term Liabilities Mortgage Payable Total Liabilities 2000000 801010100() S 500 00o0 || 1001()101010() Stockholders' Equity Common Stock, $1 par Retained Earnings 00oo00 S 400o oloo 90oolo0600lolo00 7000 oloo Si000oo00 25000000 S200ololo00 Total Stockholders Equity Total Liabilities and Stockholders E quity
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