Question: View Policies Current Attempt in Progress Here is financial information for Metlock, Inc. December 31, 2022 December 31, 2021 Current assets $110,200 $93,900 Plant assets

View Policies Current Attempt in Progress Here is financial information for Metlock, Inc. December 31, 2022 December 31, 2021 Current assets $110,200 $93,900 Plant assets (net) 403,900 354.200 Current liabilities 102.900 69,200 Long-term liabilities 126.200 93,900 Common stock. $1 par 134.200 119.200 Retained earnings. 150,800 165.800 Prepare a schedule showing a horizontal analysis for 2022, using 2021 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%) Assets METLOCK, INC. Condensed Balance Sheet December 31 2022 2021 Current Assets $110,200 $93,900 Plant assets (net) 403,900 354,200 $514,100 $448,100 Total assets Liabilities Current Liabilities $102.900 $69.200 5 Long-term liabilities 126.200 93.900 Total liabilities $229,100 $163.100 5 Stockholders Equity Common stock, 51 par 134.200 119.200 2018 Increase or (Decrease) Amount Percentage Stockholders' Equity Common stock, $1 par 134,200 119.200 Retained eamings 150,800 165,800 Total stockholders 285,000 285,000 equity Total liabilities and $514.100 $448 100 stockholders' equity eTextbook and Media Save fir Attempts 0 of 5 used Suit Ar

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!