Question
Condensed data from the comparative statement of financial position (SFP) of Crane Inc. follow: 2020 2019 2018 Current assets $120,000 $80,000 $100,000 Non-current assets 408,000
Condensed data from the comparative statement of financial position (SFP) of Crane Inc. follow:
2020 | 2019 | 2018 | |||||||
Current assets | $120,000 | $80,000 | $100,000 | ||||||
Non-current assets | 408,000 | 342,000 | 296,000 | ||||||
Current liabilities | 71,000 | 84,000 | 77,000 | ||||||
Non-current liabilities | 175,000 | 119,000 | 146,000 | ||||||
Common shares | 147,000 | 114,000 | 101,000 | ||||||
Retained earnings | 135,000 | 105,000 | 72,000 |
Using vertical (common-size) analysis, calculate the various SFP categories as a percentage of total assets for Crane Inc. for each of 2018, 2019, and 2020. (Round answers to 1 decimal place, e.g. 52.1%.)
2020 | 2019 | 2018 | ||||
Current assets | % | % | % | |||
Non-current assets | % | % | % | |||
Current liabilities | % | % | % | |||
Non-current liabilities | % | % | % | |||
Common shares | % | % | % | |||
Retained earnings | % | % | % |
eTextbook and Media
Using horizontal analysis, calculate the changes in the key SFP categories from 2019 to 2020. Please write dollar amounts in thousands. Example: $100,000 is written as $100. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45). Round answers to 0 decimal places, e.g. 52%.)
2020 (000s) | 2019 (000s) | Difference | % Change | |||||
Current assets | $ | $ | $ | % | ||||
Non-current assets | % | |||||||
Current liabilities | % | |||||||
Non-current liabilities | % | |||||||
Common shares | % | |||||||
Retained earnings | % |
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