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Chapter 9 Homework i 1 30 points eBook Print References Prepare a horizontal analysis of both the balance sheet and income statement for Year 4
Chapter 9 Homework i 1 30 points eBook Print References Prepare a horizontal analysis of both the balance sheet and income statement for Year 4 and Year 3. Complete this question by entering your answers in the tabs below. Balance Sheet Assets Current assets Cash Prepare a horizontal analysis of the balance sheet for Year 4 and Year 3. Note: Negative answers should be indicated by a minus sign. Round your answers to 1 decimal place. (I.e., .234 should be entered as 23.4). Income Statement Marketable securities Accounts receivable (net) Inventories Prepaid items Total current assets Investments Plant (net) Land Total long-term assets Total assets Liabilities and Stockholders' Equity Liabilities Current liabilities Notes payable FANNING COMPANY Horizontal Analysis of Balance Sheets Year 4 Saved $ $ $ 16,200 21,900 54,900 136,200 26,100 255,300 27,700 270,600 30,500 328,800 584,100 $ $ 16,700 $ Year 3 13,200 6,500 47,300 144,900 10,400 222,300 21,000 255,200 25,500 301,700 524,000 4,800 % Change % Help Save & Exit Check my
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