_______5.

Happy Days, Inc.

Comparative Balance Sheet

June 30, 2019 and 2018

Assets			Increase (Decrease)
	2018	2017	Amount	Percent
Current assets	$256,000	$190,000
Property, plant, and equipment	428,000	405,000
Intangible assets	24,000	32,000
Total Assets	$708,000		$81,000	12.9%
Liabilities
Current liabilities	$81,000	$89,000
Long-term liabilities	235,000	275,000
Total Liabilities	$316,000		$(48,000)	(13.2%)
Stockholders Equity
Common stock	$276,000	$210,000
Retained earnings	116,000	53,000
Total Stockholders Equity	$392,000		$129,000	49.0%
Total Liabilities & Stockholders Equity	$708,000		$81,000	12.9%

1. Prepare a comparative balance sheet (horizontal analysis) for June 30, 2019 and 2018. (Round percentages to one decimal place.)

2. Interpret your findings: Focus on two accounts you find most interesting and explain why. What may have caused the accounts to change?

3. Vertical Analysis: In 2019: Current Assets are what % of Total Assets? _____________