Question
Common-Size Balance Sheets and Horizontal Analysis Comparative balance sheets for Farinet Company for the past two years are as follows: Required: Hide 1. Using the
Common-Size Balance Sheets and Horizontal Analysis Comparative balance sheets for Farinet Company for the past two years are as follows: Required: Hide 1. Using the format in Example 13-4, prepare common-size comparative balance sheets for the two years for Farinet Company. Round percentages to one decimal point. Note: Due to rounding totals may not add up to 100%. Farinet Company Common-Size Comparative Balance Sheets December 31, 2014 And 2013 December 31, 2014 Dollars December 31, 2014 Percent December 31, 2013 Dollars December 31, 2013 Percent $ % $ % Total current assets $ % $ % $ % $ % Total long-term assets $ $ Total assets $ % $ % $ % $ % Total current liabilities $ % $ % $ % $ % $ % $ % Total stockholders' equity $ % $ % Total liabilities and stockholders' equity $ % $ % Hide Feedback Partially Correct Check My Work Feedback List observations about changes in the relative composition of accounts. Hide 3. Using the format in Example 13-1, prepare comparative balance sheets for Farinet Company, including columns for the dollars and for the percentage increase or decrease in each item on the statement. Round all percentages to the nearest whole percent. If an answer is zero, enter "0".
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