Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

CALCULATOR FULL SCREEN PRINTER VER Exercise 13-3 Here is financial information for Sage Hill Inc December 31, 2017 December 31, 2016 $92,200 354,200 69,200 92,200

image text in transcribed
image text in transcribed
CALCULATOR FULL SCREEN PRINTER VER Exercise 13-3 Here is financial information for Sage Hill Inc December 31, 2017 December 31, 2016 $92,200 354,200 69,200 92,200 19,200 165,800 Current assets 110,200 Plant assets (net) Current liabilities Long-term liabilities 402,200 101,200 126,200 134,200 150,800 Common stock, $1 par Retained earnings Prepare a schedule showing a horizontal analysis for 2017, using 2016 as the base year. (If amount and percentage are a decrease show the numbers as negats .000, -20% or SAGE HILL INC. Condensed Balance Sheet December 31 Increaser(Decrease) Amount Assets Current Assets 110,200 $92,200 402,200 354,200 Plant assets (net) hest/stuniidast2358197AN10018 here to search CA Assets Current Assets $110,200 $92,200 402,200 354,200 $512,400 $446,400s Plant assets (net) Total assets Liabilities Current Liabilities $101,200 $69,200 126,200 92,200 $227,400 $161,400 Long-term liabilities Total liabilities Stockholders' Equity Common stock, $1 par Retained earnings 134,200 119,200 150,800 165,800 285,000 285,000 $512,400 $446,400 Total stockholders' equity 9% Total liablities and stockholders' equity Si e ere to search

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Principles And Practice Of Auditing

Authors: George Puttick, Sandra Van Esch

7th Edition

0702137723, 978-0702137723

More Books

Students also viewed these Accounting questions