Question: ASSIGNMENT RESOURCES HW 13 Exercise 13-5 suppose the comparative balance sheets of Metlock, Inc. are presented here. METLOCK, INC. Condensed Balance Sheet May 31 in

of Metlock, Inc. are presented here. METLOCK, INC. Condensed Balance Sheet May

31 in millions) 2017 2016 $9,770 $8,770 Property, plant, and equpment (net)

ASSIGNMENT RESOURCES HW 13 Exercise 13-5 suppose the comparative balance sheets of Metlock, Inc. are presented here. METLOCK, INC. Condensed Balance Sheet May 31 in millions) 2017 2016 $9,770 $8,770 Property, plant, and equpment (net) 1820 1,800 1,740 Total assets $13,190 $12,310 Liabilities and Stockholders' Equity $3,170 $3,340 1.350 1,380 Stockholders' equity 8,670 Total liabilbes and stockholders equity $13,190 $12,310 (a) prepare a horizontal analysis of the balance sheet data for Metlock, using 2016 as a base. (rfamount and percentage area decrease show th percentages to I decimal place, e.g. 12.1%.) METLOCK, INC Condensed Balance Sheet May 31 in millions) 2017 2016 (Decrease) from 2013 $9,770 $8,770 Property, plant, and equipment (net) 1820 $13.190 $12,310 s Total assets Liabilities and Stockholders Equity $3,170 $3.340 s 1.350

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