Prepare a horizontal analysis of the balance sheet and income statement for 2015 and 2014. (Negative answers should be indicated by a minus sign. Round your answers to 1 decimal place. (i.e., .234 should be entered as 23.4).)

 

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REVNIK COMPANY Horizontal Analysis of Balance Sheet As of December 31 2015 2014 Percentage Change Assets Current asset Cash $4 17,800 $ 12,800 % Marketable securities 21,700 7,900 Accounts receivable (net) 54,800 46,800 Inventories 136,400 143,800 Prepaid items 26,000 11,100 Total current assets 256,700 222,400 Investments 28,200 20,400 Plant (net) 270,100 256,200 Land 30,000 25,500 Total long-term assets 328,300 302,100 Total assets $ 585,000 $ 524,500 Liabilities Current liabilities Notes payable $ 16,300 S 4,600 Accounts payable 111,800 98,800 Salaries payable 19,600 14,600 Total current liabilities 147,700 118,000 Noncurrent liabilities Bonds payable 98,100 98,100 Other 30,600 26,200 Total noncurrent liabilities 128,700 124,300 Total liabilities 276,400 242,300 Stockholders' equity Preferred stock, (par value $10, 4% cumulative, non-participating; 7,100 shares authorized andissued) Common stock (No par, 50,000 shares authorized; 10,000 shares issued) 71,000 71,000 71,000 71,000 Retained earnings 166,600 140,200 Total stockholders' equity 308,600 282,200 Total liabilities and stockholders' equity 585,000 $ 524,500 % %24 %24 REVNIK COMPANY Horizontal Analysis of Balance Sheet As of December 31 2015 2014 Percentage Change Assets Current asset Cash $4 17,800 $ 12,800 % Marketable securities 21,700 7,900 Accounts receivable (net) 54,800 46,800 Inventories 136,400 143,800 Prepaid items 26,000 11,100 Total current assets 256,700 222,400 Investments 28,200 20,400 Plant (net) 270,100 256,200 Land 30,000 25,500 Total long-term assets 328,300 302,100 Total assets $ 585,000 $ 524,500 Liabilities Current liabilities Notes payable $ 16,300 S 4,600 Accounts payable 111,800 98,800 Salaries payable 19,600 14,600 Total current liabilities 147,700 118,000 Noncurrent liabilities Bonds payable 98,100 98,100 Other 30,600 26,200 Total noncurrent liabilities 128,700 124,300 Total liabilities 276,400 242,300 Stockholders' equity Preferred stock, (par value $10, 4% cumulative, non-participating; 7,100 shares authorized andissued) Common stock (No par, 50,000 shares authorized; 10,000 shares issued) 71,000 71,000 71,000 71,000 Retained earnings 166,600 140,200 Total stockholders' equity 308,600 282,200 Total liabilities and stockholders' equity 585,000 $ 524,500 % %24 %24

Answer rating: 100% (QA)

R COMPANY Horizontal Analysis of Balance Sheet as of December 31 Increase Percentage 2015 2014 Decre... View the full answer