Question: ~ (1) Financial information for Nealon Inc. is presented below. December 31, 2017December 31, 2016 Current assets$140,000$110,000 Plant assets (net)440,000360,000 Current liabilities95,00075,000 Long-term liabilities165,000100,000 Common

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(1) Financial information for Nealon Inc. is presented below.

December 31, 2017December 31, 2016

Current assets$140,000$110,000

Plant assets (net)440,000360,000

Current liabilities95,00075,000

Long-term liabilities165,000100,000

Common stock, $1 par180,000120,000

Retained earnings140,000175,000

Instructions

(a) Preparea schedule showing a horizontal analysis for 2017 using 2016 as the base year. 7 points

(b) What is the primary use of horizontal analysis? 3 points

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