Question: Condensed data from the comparative statement of financial position (SFP) of Crane Inc. follow: 2020 2019 2018 Current assets $120,000 $80,000 $100,000 Non-current assets 408,000
Condensed data from the comparative statement of financial position (SFP) of Crane Inc. follow:
| 2020 | 2019 | 2018 | |||||||
| Current assets | $120,000 | $80,000 | $100,000 | ||||||
| Non-current assets | 408,000 | 342,000 | 296,000 | ||||||
| Current liabilities | 71,000 | 84,000 | 77,000 | ||||||
| Non-current liabilities | 175,000 | 119,000 | 146,000 | ||||||
| Common shares | 147,000 | 114,000 | 101,000 | ||||||
| Retained earnings | 135,000 | 105,000 | 72,000 | ||||||
Using vertical (common-size) analysis, calculate the various SFP categories as a percentage of total assets for Crane Inc. for each of 2018, 2019, and 2020. (Round answers to 1 decimal place, e.g. 52.1%.)
| 2020 | 2019 | 2018 | ||||
| Current assets | % | % | % | |||
| Non-current assets | % | % | % | |||
| Current liabilities | % | % | % | |||
| Non-current liabilities | % | % | % | |||
| Common shares | % | % | % | |||
| Retained earnings | % | % | % |
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Using horizontal analysis, calculate the changes in the key SFP categories from 2019 to 2020. Please write dollar amounts in thousands. Example: $100,000 is written as $100. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45). Round answers to 0 decimal places, e.g. 52%.)
| 2020 (000s) | 2019 (000s) | Difference | % Change | |||||
| Current assets | $ | $ | $ | % | ||||
| Non-current assets | % | |||||||
| Current liabilities | % | |||||||
| Non-current liabilities | % | |||||||
| Common shares | % | |||||||
| Retained earnings | % |
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