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Exercise 13-3 Here is financial information for Metlock, Inc Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $1 par Retained carnings December
Exercise 13-3 Here is financial information for Metlock, Inc Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $1 par Retained carnings December 31, 2017 $110,600 404,400 103,400 126,600 134,600 150,400 December 31, 2016 94,400 354,600 69,600 94,400 119,600 165,400 55,000 20% or (55,000), (20%). Round percentages 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, eg, to 1 decimal place, eg. 12.1%.)
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