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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,
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 $124,200 394,000 88,400 132,500 166,000 131,300 December 31, 2016 $101,400 334,500 72,400 86,400 115,000 162,100 Prepare a schedule showing a horizontal analysis for 2017 using 2016 as the base year. (Enter negative amounts and percentages using either a neg decimal place, e.g. 12.3%.) KURZEN INC. Condensed Balance Sheets Increase or (Decrease) 2017 2016 Amount Percentage Assets Current assets Plant assets (net) $124,200 $101,400 394,000 334,500 $518,200 $435,900 Total assets Liabilities Current liabilities Long-term liabilities $88,400 $72,400 132,500 220,900 158,800 86,400 Total liabilities Stockholders' Equity Common stock, $1 par Retained earnings 115,000 131,300 162,100 297,300 277,100 $518,200 $435,900 166,000 Total stockholders' equty Total liabilities and stockholders' equity
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