The comparative condensed balance sheets of Conard Corporation are presented below. Instructions(a) Prepare a horizontal analysis of
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The comparative condensed balance sheets of Conard Corporation are presented below.
Instructions(a) Prepare a horizontal analysis of the balance sheet data for Conard Corporation using 2010 as a base.(b) Prepare a vertical analysis of the balance sheet data for Conard Corporation in columnar form for2011.
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CONARD CORPORATION Comparative Condensed Balance Sheets December 31 2011 2010 Assets $ 74,000 $ 80,000 Current assets Property, plant, and equipment (net) Intangibles 99,000 90,000 27,000 40,000 $200,000 $210,000 Total assets Liabilities and stockholders' equity $ 42,000 143,000 $ 48,000 150,000 Current liabilities Long-term liabilities Stockholders' equity 12,000 15,000 Total liabilities and stockholders' equity $200,000 $210,000
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Related Book For
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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