Here is financial information for Larkspur, Inc. December 31, 2022 December 31, 2021 $108,675 $ 94,500...
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Here is financial information for Larkspur, Inc. December 31, 2022 December 31, 2021 $108,675 $ 94,500 Current assets Plant assets (net) 404,493 352,600 Current liabilities 103,428 67,600 Long-term liabilities 124,740 94,500 Common stock, $1 par 133,663 117.600 Retained earnings 151,337 167.400 Prepare a schedule showing a horizontal analysis for 2022, using 2021as the base year. (famount and percentage are a decrease show the numbers as negative, eg. 55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, eg. 12.1%) LARKSPUR, INC. Condensed Balance Sheet December 31 Increase or (Decrease) 2022 2021 Amount Percentage Assets Current Assets S108,675 $94,500 Plant assets (net) 404,493 352,600 Total assets $513,169 $447,100 Liabilities Curtent Liabities $103,428 S67,600 Long-term liabilities 124,740 94,500 Total liabities $229,168 S162,100 Stockholders' Equity Common stock, $1 par 133,663 117,600 Retained earmings 151,337 167,400 Total stockholders 285,000 265,000 equity Total iebiities and stockholders' equity $513,168 $447,100 %24 Here is financial information for Larkspur, Inc. December 31, 2022 December 31, 2021 $108,675 $ 94,500 Current assets Plant assets (net) 404,493 352,600 Current liabilities 103,428 67,600 Long-term liabilities 124,740 94,500 Common stock, $1 par 133,663 117.600 Retained earnings 151,337 167.400 Prepare a schedule showing a horizontal analysis for 2022, using 2021as the base year. (famount and percentage are a decrease show the numbers as negative, eg. 55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, eg. 12.1%) LARKSPUR, INC. Condensed Balance Sheet December 31 Increase or (Decrease) 2022 2021 Amount Percentage Assets Current Assets S108,675 $94,500 Plant assets (net) 404,493 352,600 Total assets $513,169 $447,100 Liabilities Curtent Liabities $103,428 S67,600 Long-term liabilities 124,740 94,500 Total liabities $229,168 S162,100 Stockholders' Equity Common stock, $1 par 133,663 117,600 Retained earmings 151,337 167,400 Total stockholders 285,000 265,000 equity Total iebiities and stockholders' equity $513,168 $447,100 %24
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Financial Accounting Tools for business decision making
ISBN: 978-0470534779
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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