Question
Here is financial information for Coronado Inc. December 31, 2022 December 31, 2021 Current assets $124,400 $100,000 Plant assets (net) 394,938 333,000 Current liabilities 86,590
Here is financial information for Coronado Inc.
December 31, 2022 | December 31, 2021 | |||||
---|---|---|---|---|---|---|
Current assets | $124,400 | $100,000 | ||||
Plant assets (net) | 394,938 | 333,000 | ||||
Current liabilities | 86,590 | 70,000 | ||||
Long-term liabilities | 137,686 | 86,000 | ||||
Common stock, $1 par | 165,984 | 114,000 | ||||
Retained earnings | 129,078 | 163,000 |
Prepare a schedule showing a horizontal analysis for 2022, using 2021 as the base year. (Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (45%). Round percentages to 1 decimal place, e.g. 12.3%.)
CORONADO INC. Condensed Balance Sheets December 31 | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|
Increase or (Decrease) | ||||||||||
2022 | 2021 | Amount | Percentage | |||||||
Assets | ||||||||||
Current assets | $124,400 | $100,000 |
|
| ||||||
Plant assets (net) | 394,938 | 333,000 |
| |||||||
Total assets | $519,338 | $433,000 |
|
| ||||||
Liabilities | ||||||||||
Current liabilities | $86,590 | $70,000 |
|
| ||||||
Long-term liabilities | 137,686 | 86,000 |
| |||||||
Total liabilities | 224,276 | 156,000 |
| |||||||
Stockholders' Equity | ||||||||||
Common stock, $1 par | 165,984 | 114,000 |
|
| ||||||
Retained earnings | 129,078 | 163,000 |
| |||||||
Total stockholders' equity | 295,062 | 277,000 |
| |||||||
Total liabilities and stockholders' equity | $519,338 | $433,000 |
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