17-3 The comparative balance sheet of Ramos Company appears below: (a) ramose company comparative balance sheet Dec 31,2012 and 2011 assets 2012 2011 current assets $440 $280 plant assets 675 520 total assets 1115 800 liabilities and stockholders equity current liabilities 280 120 long term debt 250 160 common stock 325 320 retained earnings 260 200 total liabilities and stockholders equity 1115 800 required: A. using horizontal analysis, show the percentage change for each balance sheet item using 2011 as a base year. If required, round your answers to one decimal place. If required, use the minus sign to indicate decreases in amounts and percent's negative values. ( this is what I got so far) Ramos Company Comparative Balance Sheet December 31, 2012 and 2011 Assets Dec. 31, 2012 Dec. 31, 2011 Increase/Decrease Increase/Decrease Amount Percentage current assets 440 280 plant assets 675 520 total assets 1115 800 liabilities &Stockholders equity current liabilities 280 120 long term debt 250 160 common stock 325 320 retained earnings 260 200 total liabilities and stockholders equity 1115 800 b. Using vertical analysis, prepare a common size comparative balance sheet. If required, round your answers to one decimal place. Ramos Company Comparative Balance Sheet December 31, 2012 and 2011 Assets 2012 Amount 2012 Percent 2011 Amount 2011 Percent Current assets $440 39.5% Plant assets 675 60.5% Total assets $1,115 100.0% Liabilities and stockholders' equity Current liabilities $280 25.1% Long-term debt 250 22.4% Common stock 325 29.2% Retained earnings 260 23.3% Total liabilities and stockholders' equity $1,115 100.0% Problem 18-1 The Zoe Corporation has the following information for the month of March. purchases 92000 materials inventory march 1 6000 materials inventory march 31 8000 direct labor 25000 factory overhead 37000 work in process march 1 22000 work in process march 31 18500 finished goods inventory march 1 21000 finished goods inventory march 31 25000 sales 257000 sales and administrative expenses 79000 a. Prepare a schedule of cost of goods manufactured. Zoe Corporation Statement of Cost of Goods Manufactured For Month Ended March 31, 20xx __________________ _____________ direct materials: ___________________ _______________________ ___________________ _______________________ ___________________ _______________________ ___________________ _______________________ Cost of materials placed in production ____________________ _____________________ ____________________ _____________________ ____________________ Total manufacturing costs added _____________ Total manufacturing costs _____________ _____________________ ____________ Cost of goods manufactured ____________ b. Prepare an income statement for the month ended March 31 ___________________ ________________________ Cost of goods sold: ___________________ ______________________________ ___________________ ______________________________ ___________________ ______________________________ ___________________ ______________________________ Cost of goods sold ____________________________ Gross Profit ____________________________ Operating expenses: ___________________ _____________________________ ___________________ ______________________________ c. Prepare only the inventory section of the balance sheet. Inventory: Materials $ Work in process Finished goods Total Inventory $