The comparative condensed balance sheets of Roadway Corporation are presented below.

Instructions

(a) Prepare a horizontal analysis of the balance sheet data for Roadway Corporation using 2016 as a base.

(b) Prepare a vertical analysis of the balance sheet data for Roadway Corporation in columnar form for 2017.

Transcribed Image Text:

ROADWAY CORPORATION Condensed Balance Sheets December 31 Assets Current assets Property, plant, and equipment (net) Intangibles Total assets Liabilities and stockholders' equity Current liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity 2017 $ 76,000 99,000 25,000 $200,000 $ 40,800 143,000 16,200 $200,000 2016 $ 80,000 90,000 40,000 $210,000 $ 48,000 150,000 12,000 $210,000