Question
E13.3 (LO 2 ), AP Here is financial information for Glitter Inc. Prepare horizontal analysis . December 31, 2022 December 31, 2021 Current assets $106,000
E13.3 (LO 2), AP Here is financial information for Glitter Inc.
Prepare horizontal analysis.
| December 31, 2022 | December 31, 2021 | |||
| Current assets | $106,000 | $90,000 | ||
| Plant assets (net) | 400,000 | 350,000 | ||
| Current liabilities | 99,000 | 65,000 | ||
| Long-term liabilities | 122,000 | 90,000 | ||
| Common stock, $1 par | 130,000 | 115,000 | ||
| Retained earnings | 155,000 | 170,000 |
Instructions
Prepare a schedule showing a horizontal analysis for 2022, using 2021 as the base year.
Type your answer please no excel spreadsheet
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Sound Investing, Chapter 17 - Off-Balance-Sheet Shams
Authors: Kate Mooney
1st Edition
0071719393, 9780071719391
