Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Here is financial information for Crane Inc December 31, 2022 December 31, 2021 Current assets $124,600 $100,000 Plant assets (net) 394 550 325.000 Current liabilities

image text in transcribed
image text in transcribed
image text in transcribed
Here is financial information for Crane Inc December 31, 2022 December 31, 2021 Current assets $124,600 $100,000 Plant assets (net) 394 550 325.000 Current liabilities 87.480 72.000 Long-term liabilities 135.080 88.000 Common stock $1 par 166 228 116.000 Retained earnings 130.362 149.000 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 eg. -45,-45% or parentheses e 3 (45).(4596. Round percentages to 1 decimal place, c.8. 12.3%) CRANE INC. Condensed Balance Sheets December 31 Increase or (Decrease) 2021 Amount Percentage 2022 Assets 96 Current assets $124.600 $100,000 96 Plant assets (net) 394.550 325,000 $519,150 Total assets % $425.000 S Liabilities Current liabilities $87.480 $72.000 Long-term liabilities 6 135.080 88,000 Total liabilities 222560 160,000 %6 Stockholders' Equity Common stock, si par 166.228 116.000 90 Retained earnings 130.362 149.000 25 Total stockholders' equity 296,590 265.000 94 Total liabilities and stockholders' equity $519,150 $425.000 S 38 Here is financial information for Crane Inc December 31, 2022 December 31, 2021 Current assets $124600 $100,000 394,550 Plant assets Inet 325,000 87480 72,000 Current abilities 135.00 B8.000 Long-term liabilities 116,000 Common stock 51 par 166,228 Retained earning 130.362 149.000 Prepare a schedule showing a horizontal analysis for 2022, using 2021 as the base year. Internative amounts and percusing either a negative in preceding the numbers-45-45% of parentheseses 451645. Round percentages to 1 decimal place, 1230 CRANE TNC Condensed Balance Sheets December 31 Increase or (Decrease) 2022 2021 Amount Percentage Assets K Current $124.600 $100,000 Place) 394.550 325,000 Total assets $519,50 $425,000 $ Liabilities $67.480 $72.000 $ Current abilities 5 Long-tem 125.000 89.000 * Total liabilities 222,560 160.000 Stockholders Equity Commonstad, 166.220 114,000 Recais 120362 149.000 Tudodh 296,590 265.000 Total abies and stockholders equity $519, 150 5435.000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Payroll Accounting 2022

Authors: Jeanette Landin

8th Edition

126072879X, 9781260728798

More Books

Students also viewed these Accounting questions

Question

What does the statement of retained earnings show?

Answered: 1 week ago

Question

Are the hours flexible or set?

Answered: 1 week ago

Question

2. What are the prospects for these occupations?

Answered: 1 week ago