Question: Please explain how to get the answer, even for answers already solved. Thank you so much. Greatly appreciate your help. Here is a financial information

Please explain how to get the answer, even for answers already solved. Thank you so much. Greatly appreciate your help.

Here is a financial information for Tamarisk, Inc. Prepare a schedule showing a horizontal analysis for 2017, using 2016 as the base year.

Please explain how to get the answer, even for answers already solved.Thank you so much. Greatly appreciate your help. Here is a financial

Question 2 Here is financial information for Tamarisk, Inc. Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $1 par Retained earnings December 31, 2017 $109,400 403,000 102,000 125,400 133,400 151,600 December 31, 2016 $ 93,000 353,400 68,400 93,000 118,400 166,600 Prepare a schedule showing a horizontal analysis for 2017, using 2016 as the base year. vecember 31 Increase or (Decrease) 2017 2016 Amount Percentage Assets Current Assets $109,400 $93,000 Plant assets (net) 403,000 353,400 Total assets $512,400 $446,400 Liabilities Current Liabilities $102,000 $68,400 Long-term liabilities 125,400 93,000 Total liabilities $227,400 $161,400 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 $512,400 $446,400

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