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Exercise 13-5 Suppose the comparative balance sheets of Tamarisk, Inc. are presented here. TAMARISK, INC. Condensed Balance Sheet May 31 ($ in millions) 2017 2016
Exercise 13-5 Suppose the comparative balance sheets of Tamarisk, Inc. are presented here. TAMARISK, INC. Condensed Balance Sheet May 31 ($ in millions) 2017 2016 Assets Current Assets Property, plant, and equipment (net) Other assets Total assets Liabilities and Stockholders' Equity Current Liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity $9,600 $8,830 1,900 1,700 $13,100 $12,430 2,000 1,500 $3,240$%3,320 1,340 7,770 $13,100 $12,430 1,200 8,660 (a) Prepare a horizontal analysis of the balance sheet data for Tamarisk, using 2016 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g.-55,000,-20% or (55,000), (2006). Round percentages to 1 decimal place, e.g. 12.196.)
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