Question
Able Corporation Condensed Balance Sheets 31-Dec Balance Account 2017 2016 Assets: Current Assets 72,000 80,000 Property, Plant & Equipment 95,400 90,000 Intangibles 33,600 40,000 Total
Able Corporation Condensed Balance Sheets 31-Dec Balance Account 2017 2016 Assets: Current Assets 72,000 80,000 Property, Plant & Equipment 95,400 90,000 Intangibles 33,600 40,000 Total Assets 201,000 210,000 Liabilities & Stockholder's Equity Current Liabilities 40,320 48,000 Long-term Liabilities 142,500 150,000 Stockholders' Equity 18,180 12,000 Total Liabilities & Stockholder's Equity 201,000 210,000 I. Prepare a trend analysis of the balance sheet data for Able Corp. using 2016 as a base in Excel II. Prepare a common size analysis of the balance sheer for Able Corp in columnar format for 2016 in Excel
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