The comparative balance sheets of Ramsey Egyptian Buffet are presented below. (a) Prepare a horizontal analysis of
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The comparative balance sheets of Ramsey Egyptian Buffet are presented below.
(a) Prepare a horizontal analysis of the balance sheet data for Ramsey using 2008 as a base.
(b) Prepare a vertical analysis of the balance sheet data for Ramsey in columnar form for2009.
Transcribed Image Text:
RAMSEY EGYPTIAN BUFFET Comparative Balance Sheets December 31 2009 2008 Assets Current assets Property. plant, and equipment (net) Intangibles S 76,000 99,000 25,000 $200,000 S 80,000 90,000 40,000 $210,000 Total assets Liabilities and stockholders' equity Current liabilities Long-term liabilities Stockholders' equity 40,800 143,000 16,200 48,000 150,000 12,000 Total liabilities and stockholders' equity $200,000 $210,000
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