Answered step by step
Verified Expert Solution
Question
1 Approved Answer
ces Prepare a horizontal analysis of both the balance sheet and income statement. Complete this question by entering your answers in the tabs below.
ces Prepare a horizontal analysis of both the balance sheet and income statement. Complete this question by entering your answers in the tabs below. Analysis Bal Analysis Inc Sheet Stmt Prepare a horizontal analysis of the balance sheet. (Negative answers should be indicated by a minus sign. Round your answers to 1 decimal place. (ie., .234 should be entered as 23.4).) Assets Current assets Cash BENSON COMPANY Horizontal Analysis of Balance Sheets Year 4 Year 3 % Change $ Marketable securibes Accounts receivable (net) Inventories 16,900 $ 21,600 13,300 % 7,200 55,500 46,900 136,500 144,700 Prepaid items Total current assets 26,300 11,300 256,800 223,400 Investments 29,000 21,400 Plant (net) 271,100 256,800 Land 29,700 25,000 Total long-term assets 329,800 303,200 Total assets $ 586,600 $ 520,600 Liabilibes and Stockholders' Equity Liabilities Current liabilities Notes payable Accounts payable Salaries payable Total current liabilities Noncurrent labelbes Bonds payable Other Total noncurrent liabilities Total liabilities Stockholders' equity $ 16,800 $ 5,600 112,000 19,500 99,000 14,400 148,300 119,000 99,800 99,800 31,300 26,200 131,100 126,000 279,400 245,000 Preferred stock (par value $10, 4% cumulative, nonparticipating, 6,100 shares authorized and issued) 61,000 61,000 Common stock (no par, 50,000 shares authorized, 10,000 61,000 61,000 shares issued) Retained earnings 185,200 159,600 Total stockholders' equity 307 200 281,600 Total labities & stockholders equity $ 586,600 $ 526,000 Alyssa Sheet Analysis Inc Stmt>
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started