Question
Here is financial information for Lelemon Inc. Using the Excel spreadsheet provided, prepare a schedule showing a horizontal analysis for 2018, using 2017 as the
Here is financial information for Lelemon Inc. Using the Excel spreadsheet provided, prepare a schedule showing a horizontal analysis for 2018, using 2017 as the base year.
| December 31, 2018 | December 31, 2017 | |
| Current assets | $106,000 | $90,000 |
| Plant assets (net) | 400,000 | 350,000 |
| Current liabilities | 99,000 | 65,000 |
| Long-term liabilities | 122,000 | 90,000 |
| Common stock, $1 par | 130,000 | 115,000 |
| Retained earnings | 155,000 | 170,000 |
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International Corporate Reporting Global And Diverse
Authors: Pauline Weetman, Ioannis Tsalavoutas, Paul Gordon
5th Edition
1138364991, 9781138364998
