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.

please give me the answer quickly i have an exam with 30 minutes limit please give me the answer quickly i have an exam with 30

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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