Question
Current Attempt in Progress Here is financial information for Glitter Inc. December 31, 2020 December 31, 2019 Current assets $124,400 $100,000 Plant assets (net) 394,788
Current Attempt in Progress
Here is financial information for Glitter Inc.
| December 31, 2020 | December 31, 2019 | |||
|---|---|---|---|---|
| Current assets | $124,400 | $100,000 | ||
| Plant assets (net) | 394,788 | 334,000 | ||
| Current liabilities | 87,780 | 70,000 | ||
| Long-term liabilities | 137,772 | 86,000 | ||
| Common stock, $1 par | 166,362 | 119,000 | ||
| Retained earnings | 127,274 | 159,000 |
Prepare a schedule showing a horizontal analysis for 2020, using 2019 as the base year. (Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (45%). Round percentages to 1 decimal place, e.g. 12.3%.)
| GLITTER INC. Condensed Balance Sheets December 31 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Increase or (Decrease) | ||||||||||
| 2020 | 2019 | Amount | Percentage | |||||||
| Assets | ||||||||||
| Current assets | $124,400 | $100,000 | $enter a dollar amount | enter your answer in percentages rounded to 1 decimal place % | ||||||
| Plant assets (net) | 394,788 | 334,000 | enter a dollar amount | enter your answer in percentages rounded to 1 decimal place % | ||||||
| Total assets | $519,188 | $434,000 | $enter a subtotal of the two previous amounts | enter your answer in percentages rounded to 1 decimal place % | ||||||
| Liabilities | ||||||||||
| Current liabilities | $87,780 | $70,000 | $enter a dollar amount | enter your answer in percentages rounded to 1 decimal place % | ||||||
| Long-term liabilities | 137,772 | 86,000 | enter a dollar amount | enter your answer in percentages rounded to 1 decimal place % | ||||||
| Total liabilities | 225,552 | 156,000 | enter a subtotal of the two previous amounts | enter your answer in percentages rounded to 1 decimal place % | ||||||
| Stockholders' Equity | ||||||||||
| Common stock, $1 par | 166,362 | 119,000 | enter a dollar amount | enter your answer in percentages rounded to 1 decimal place % | ||||||
| Retained earnings | 127,274 | 159,000 | enter a dollar amount | enter your answer in percentages rounded to 1 decimal place % | ||||||
| Total stockholders' equity | 293,636 | 278,000 | enter a subtotal of the two previous amounts | enter your answer in percentages rounded to 1 decimal place % | ||||||
| Total liabilities and stockholders' equity | $519,188 | $434,000 | $enter a total amount in dollars for liabilities and stockholders' equity | enter your answer in percentages rounded to 1 decimal place % | ||||||
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Organizational Behavior
Authors: Andrzej A. Huczynski, David A. Buchanan
8th Edition
978-0273774815
