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Exercise 13-3 Here is financial information for Teal Mountain Inc. December 31, 2017 December 31, 2016 94,800 $110,800 Current assets Plant assets (net) 404,800 354,800
Exercise 13-3 Here is financial information for Teal Mountain Inc. December 31, 2017 December 31, 2016 94,800 $110,800 Current assets Plant assets (net) 404,800 354,800 Current liabilities 103,800 69,800 126,800 Long-term liabilities 94,800 134,800 Common stock, $1 par 119,800 150,200 165,200 Retained earnings Prepare a schedule showing a horizontal analysis for 2017, using 2016 as the base year. (Ifamount and percentage are a decrease show the numbers as negative, eg,-55,000, -20% Round percentages to 1 decimal place, e,g, 12.1%,)
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