Question
Here is financial information for Marin Inc. Current assets Plant assets (net) December 31, 2022 December 31, 2021 $110,400 $94,600 404,600 354,400 Current liabilities 103,600
Here is financial information for Marin Inc. Current assets Plant assets (net) December 31, 2022 December 31, 2021 $110,400 $94,600 404,600 354,400 Current liabilities 103,600 69,400 Long-term liabilities 126,400 94,600 Common stock, $1 par 134,400 119,400 Retained earnings 150,600 165,600 Prepare a schedule showing a horizontal analysis for 2022, using 2021 as the base year. (If amount and percentage are a decrease show he numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.) Assets Condensed Balance Sheet December 31 2022 2021 Increase or (Decrease) Amount Percentage Current Assets $110,400 $94,600 Plant assets (net) 404,600 354,400 15800 50200 16.7 % Total assets $515,000 $449,000 66000 14.7 14.2 % % de Liabilities Current Liabilities $103,600 $69,400 $ 34200 49.3 % de Long-term liabilities 126,400 94,600 31800 33.6 Total liabilities $230,000 $164,000 $ 66000 40.2 do do % % Stockholders' Equity Common stock, $1 par 134,400 119,400 15000 12.6 do % Retained earnings 150,600 165,600 15000 9.1 % Total stockholders' 285,000 285,000 0 % equity Total liabilities and $515,000 $449,000 $ 66000 14.7 % stockholders' equity
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