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Exercise 13-3 Here is financial information for Kingbird, Inc. December December Current assets Plant assets (net) Current liabilities 31, 2017 31/2018- 92,200 353,400 $109,400 402,200
Exercise 13-3 Here is financial information for Kingbird, Inc. December December Current assets Plant assets (net) Current liabilities 31, 2017 31/2018- 92,200 353,400 $109,400 402,200 101,200 68,400 Long-term liabilities Common stock, $1 par Retained earnings 2,200 133,400 118,400 151,600 166,600 Prepare a schedule showing a horizontal analysis for 2017, using 2016 as the base year. (If amount and percentage are a decrease show the numbers as negative, e-9,-55,000,-20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.)
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