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Financial information is presented below. December 31, 2009 December 31, 2008 Current assets $125,000 $100,000 Plant assets (net) 396,000 330,000 Current liabilities 91,000 70,000 Long-term
Financial information is presented below. December 31, 2009 December 31, 2008 Current assets $125,000 $100,000 Plant assets (net) 396,000 330,000 Current liabilities 91,000 70,000 Long-term liabilities 133,000 95,000 Common stock, $1 par 161,000 115,000 Retained earnings 136,000 150,000 Instructions Prepare a schedule showing a horizontal analysis for 2009 using 2008 as the base year
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