Help System Announcements Exercise 18-3 The comparative condensed balance sheets of Gurley Corporation are presented below. GURLEY CORPORATION Comparative Condensed Balance Sheets December 31 2017 2016 Assets Current assets $ 73,000 $81,000 Property, plant, and equipment (net) 97,000 88,200 Intangibles 25,200 40,200 Total assets $195,200 $209,400 Liabilities and stockholders' equity Current liabilities $ 43,000 $ 46,000 Long-term liabilities 136,000 149,400 Stockholders' equity 16,200 14,000 Total liabilities and stockholders' equity $195,200 $209,400 (a) Prepare a horizontal analysis of the balance sheet data for Gurley Corporation using 2016 as a base. (Enter negative amounts and pe number e.g. -45, -45% or parentheses e.g. (45), (45%). Round percentages to 1 decimal place, e.g. 12.3%) GURLEY CORPORATION Condensed Balance Sheets Increase (Decrease) Percentage Change from 2016 2017 2016 Total liabilities and stockholders' equity $195,200 $209,400 (a) Prepare a horizontal analysis of the balance sheet data for Gurley Corporation using 2016 as a base. (Enter negative amounts and percentages using either a negati number e.g. -45, -45% or parentheses e.g. (45), (45%). Round percentages to 1 decimal place, e.g. 12.3%) GURLEY CORPORATION Condensed Balance Sheets 2017 Increase (Decrease) Percentage Change from 2016 Assets Current assets $73,000 $81,000 Property, plant & equipment (net) 97,000 88,200 Intangibles 25,200 40,200 Total assets $195,200 $209,400 Liabilities and stockholders' Equity Current liabilities $43,000 $46,000 Long-term liabilities 136,000 149,400 Stockholders' equity 16,200 14,000 Total liabilities and stockholders' equity $195,200 $209,400 (b) 1 decimal place, e.g. 12.3%) Prepare a vertical analysis of the balance sheet data for Gurley Corporation in columnar form for 2017. (Round percentages GURLEY CORPORATION Condensed Balance Sheet Amount Percent Assets Total liabilities and stockholders' equity $195,200 $209,400 Prepare a vertical analysis of the balance sheet data for Gurley Corporation in columnar form for 2017. (Round percentages cimal place, e.g. 12.34 GURLEY CORPORATION Condensed Balance Sheet Amount Percent Assets Current assets $73,000 Property, plant, and equipment (net) 97,000 Intangibles 25,200 $195,200 Total assets Liabilities and stockholders' equity Current liabilities $43,000 136,000 Long-term liabilities 16,200 Stockholders' equity $195,200 Total liabilities and stockholders' equity Click if you would like to show Work for this question: Open Show Work UNK TO TEXT Question Attempts: 0 of 5 used