Question: please give me the answer quickly i have an exam with 30 minutes limit The comparative condensed balance sheets of Bailey Corporation are presented below.
The comparative condensed balance sheets of Bailey Corporation are presented below. BAILEY CORPORATION Comparative Condensed Balance Sheets December 31 2011 2010 Assets Current assets $72.000 $ 80,000 Property, plant, and equipment (net) 94,500 90,000 Intangibles 33.500 40,000 Total assets $200.000 $210.000 Liabilities and stockholders' equity Current liabilities 40.800 $ 48,000 Long-term liabilities 141,000 150,000 Stockholders' equity 18.200 12.000 Total liabilities and stockholders' equity $200,000 $210,000 Instructions Prepare a horizontal analysis of the balance sheet data for Bailey Corporation using 2010 as a base (6) (b) Prepare a vertical analysis of the balance sheet data for Bailey Corporation in columnar form for 2011 (c) Based on your result write a brief comment about the company situation
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