Happy Days, Inc.

Comparative Balance Sheet

June 30, 2019 and 2018

Assets			Increase (Decrease)
	2019	2018	Amount	Percent
Current assets	$266,000	$190,000
Property, plant, and equipment	428,000	405,000
Intangible assets	24,000	31,000
Total Assets	$718,000		$92,000	14.7%
Liabilities
Current liabilities	$81,000	$85,000
Long-term liabilities	240,000	278,000
Total Liabilities	$321,000		$(42,000)	(11.6%)
Stockholders Equity
Common stock	$276,000	$210,000
Retained earnings	121,000	53,000
Total Stockholders Equity	$397,000		$134,000	51.0%
Total Liabilities & Stockholders Equity	$718,000		$92,000	14.7%

1. Prepare a comparative balance sheet (horizontal analysis) for June 30, 2019 and 2018. (Round percentages to one decimal place.)

2. Interpret your findings: Focus on two accounts you find most interesting and explain why. What may have caused the accounts to change?

3. Vertical Analysis: In 2019 -- Current Assets are what % of Total Assets? _____________