View Policies Current Attempt in Progress The comparative condensed balance sheets of Gurley Corporation are presented below. 2016 GURLEY CORPORATION Comparative Condensed Balance Sheets December 31 2017 Assets Current assets $ 73,500 Property, plant, and equipment (net) 97,500 Intangibles 28,800 Total assets $199,800 Liabilities and stockholders' equity Current liabilities $ 41,800 Long-term liabilities 143,800 Stockholders' equity 14,200 Total liabilities and stockholders' equity $199,800 $ 81,900 89,400 42,000 $213,300 $ 48,000 151,400 13,900 $213,300 (a) Your answer has been saved. See score details after the due date. Prepare a horizontal analysis of the balance sheet data for Gurley Corporation using 2016 as a base. (Enter negative amounts and percentages using either a negative sign preceding the number eg. -45, -45% or parentheses e.g. (45), (45%). Round percentages to 1 decimal place, e.g. 12.3%.) GURLEY CORPORATION Condensed Balance Sheets December 31 Increase (Decrease) Percentage Change from 2016 2017 2016 Assets $73,500 $81,900 -8400 - 10.3 % Current assets Property, plant & equipment (net) Intangibles 97,500 89,400 8100 9.1 % 28,800 42,000 -13200 -31.4 % $199,800 $213,300 $ -13500 -6.3 % $41,800 $48,000 $ -6200 12.9 % Total assets Liabilities and stockholders' Equity Current liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity 143,800 151,400 -7600 5.1 % 14,200 13,900 300 2.2 % $199,800 $213,300 - 13500 -6.3 % Attempts: 1 of 1 used (b) Prepare a vertical analysis of the balance sheet data for Gurley Corporation in columnar form for 2017. (Round percentages to 1 decimal place, e.g. 12.3%.) GURLEY CORPORATION Condensed Balance Sheet Amount Percent Assets Current assets $73,500 % Property, plant, and equipment (net) 97,500 % Intangibles 28,800 % Total assets $199,800 % Liabilities and stockholders' equity Current liabilities $41,800 % Long-term liabilities 143,800 % Stockholders' equity 14,200 % Total liabilities and stockholders' equity $199,800 % Save for Later Attempts: 0 of 1 used Submit