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Exercise 14-1 Financial information for Kurzen Inc. is presented below. Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $1 par Retained earnings
Exercise 14-1 Financial information for Kurzen Inc. is presented below. Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $1 par Retained earnings December 31, 2017 s 122,000 394,400 86,000 131,000 166,400 133,000 December 31, 2016 s 104,200 327,000 71,600 85,000 111,000 163,600 Prepare a schedule showing a horizontal analysis for 2017 using 2016 as the base year. (Enter negative amounts and percentages using either a negative sign preceding the number e.g.-45,-45% or parentheses eg. (45), (45%), Round percentages to i decimal place, eg. as% KURZEN INC. Condensed Balance Sheets December 31 Increase or (Decrease) 2017 2016 Amount Assets $ 122,000 104,200 Current assets 394,400 327,000 Plant assets (net) Total assets 516,400 $431,200
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