From the comparative balance sheet of Hata Corporation in Figure 22.12, do the following: (a) Prepare a
Question:
From the comparative balance sheet of Hata Corporation in Figure 22.12, do the following:
(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: HATA CORPORATION COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2021, AND DECEMBER 31, 2020 Notes Payable Accounts Payable Total Current Liabilities Long-Term Liabilities: Mortgage Payable Total Liabilities Assets Liabilities Stockholders' Equity Common Stock, $1 par Retained Earnings Total Stockholders' Equity Total Liabilities and Sto lers' Equity December 31 $ 2021 2020 430000 $ 3|4|010100 30 000 00 1590000 5000000 12000 00 156000 124000 $ 85 86 000 s 32 54000 $ 11900 000 $ 11200000 $ 204 8 6 000$ 144 54000 s 199 0 0 005 23 0 0 0 00 2110000 2360000 s 4100000s 466 0 0 00 $ 4900000 $ 4050000 5 90000005 8710000 $ 4750000s 2700000 67 36000 30 440 00 $ 11486 000 $ 57440/00 $ 204|86|0|00||$ 144 54000
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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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