From the comparative balance sheet of Dean Corporation in Figure 22.6: (a) Prepare a horizontal analysis of
Question:
From the comparative balance sheet of Dean Corporation in Figure 22.6:
(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 2021 column of the balance sheet (to the nearest tenth of a percent).
Transcribed Image Text:
Current Assets: Cash Accounts Receivable, Net Merchandise Inventory Prepaid Expenses Total Current Assets Plant and Equipment: Office Equipment, Net Total Assets Current Liabilities: Notes Payable Accounts ayable DEAN CORPORATION COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2021, AND DECEMBER 31, 2020 Long-Term Liabilities: Total Current Liabilities Mortgage Payable Total Liabilities Assets Liabilities Stockholders' Equity Common Stock, $1 par Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity December 31 2021 2020 $ 380000 s 350 000 2800000 5200000 158000 $ 8538000 s 400 3000 1630000 19|0|0|0|00 123000 s124 0 0 0 005 110 0 0 0 00 $ 209 38 000 s 150|0|3|0|00 $ 2100000 |s 240 0|000 70000 2350000 $ 417|0|0|00||$ 47|5|0|0|00 $ 5150 000 $ 3850 000 $ 9320000 $ 8600000 $ 5100 000 $ 2500000 65 18 000 $11618000 $ 209 380 00 390 3000 s 6403000 $ 1500 3000
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College Accounting A Practical Approach Chapters 1-25
ISBN: 9780137504282
15th Edition
Authors: Jeffrey Slater, Mike Deschamps
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