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Exercise 13-03 Here is financial information for Shamrock, Inc. December 31, 2022 December 31, 2021 Current assets $108,600 $ 94,100 Plant assets (net) 404,100 352,600
Exercise 13-03 Here is financial information for Shamrock, Inc. December 31, 2022 December 31, 2021 Current assets $108,600 $ 94,100 Plant assets (net) 404,100 352,600 Current liabilities 103,100 67,600 Long-term liabilities 124,600 94,100 Common stock, $1 par 132,600 117,600 Retained earnings 152,400 167,400 Prepare a schedule showing a horizontal analysis for 2022, using 2021 as the base year. (If amount and percentage are a decrease show t SHAMROCK, INC. Condensed Balance Sheet December 31 Increase or (Decrease) 2022 2021 Percentage Assets Amount Current Assets $108,600 $94,100 % $ Plant assets (net) 404,100 352,600 % Total assets $512,700 $446,700 % $ Liabilities Current Liabilities $103,100 $67,600 % $ Long-term liabilities 124,600 94,100 % Total liabilities $227,700 $161,700 % Stockholders' Equity Common stock, $1 par 132,600 117,600 % Retained earnings 152,400 167,400 % Total stockholders' equity 285,000 285,000 % Total liabilities and stockholders' equity $512,700 $446,700 % $ Click if you would like to Show Work for this question: Open Show Work
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