Question: Here is financial information for Pauletti Inc. InstructionsPrepare a schedule showing a horizontal analysis for 2012, using 2011 as the base year. December 31, 2012

Here is financial information for Pauletti Inc.

InstructionsPrepare a schedule showing a horizontal analysis for 2012, using 2011 as the base year.

December 31, 2012 December 31, 2011 Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $1 par Retained earnings $106,000 $ 90,000 350,000 65,000 122,000 115,000 155,000 170,000

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