Exercise 13-3

Here is financial information for Marin Inc.

Exercise 13-3 Here is financial information for Marin Inc. Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $1 par Retained earnings December 31, 2017 December 31, 2016 $109,400 $ 94,200 404,200 353,400 103,200 68,400 125,400 94,200 133,400 118,400 151,600 166,600 Prepare a schedule showing a horizontal analysis for 2017, using 2016 as the base year. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.) MARIN INC. Condensed Balance Sheet December 31 Increase or (Decrease) Amount Percentage 2017 2016 Assets Current Assets $ 109,400 $94,200 Plant assets (net) 404,200 353,400 Total assets $513,600 $447,600 Liabilities Current Liabilities $103,200 $68,400 Long-term liabilities 125,400 94,200 Exercise 13-3 Here is financial information for Marin Inc. Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $ 1 par Retained earnings December 31, 2017 December 31, 2016 $109,400 $ 94,200 404,200 353,400 103,200 68,400 125,400 94,200 133,400 118,400 151,600 166,600 Prepare a schedule showing a horizontal analysis for 2017, using 2016 as the base year. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.) MARIN INC. Condensed Balance Sheet December 31 Increase or (Decrease) Amount Percentage 2017 2016 Assets Current Assets $109,400 $94,200 Plant assets (net) 404,200 353,400 Total assets $513,600 $447,600 Liabilities Current Liabilities $103,200 $68,400 Long-term liabilities 125,400 94,200 Total liabilities $228,600 $162,600 Stockholders' Equity PA MARIN INC. Condensed Balance Sheet December 31 Increase or (Decrease) Amount Percentage 2017 2016 Assets Current Assets $ 109,400 $94,200 Plant assets (net) 404,200 353,400 Total assets $513,600 $447,600 Liabilities Current Liabilities $103,200 $68,400 Long-term liabilities 125,400 94,200 Total liabilities $228,600 $162,600 Stockholders' Equity Common stock, $1 par 133,400 118,400 Retained earnings 151,600 166,600 Total stockholders' equity 285,000 285,000 Total liabilities and stockholders' equity $513,600 $447,600