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I am looking for help with this problem, please. Exercise 13-5 Suppose the comparative balance sheets of Marin Inc. are presented here. MARIN INC. Condensed

I am looking for help with this problem, please.

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Exercise 13-5 Suppose the comparative balance sheets of Marin Inc. are presented here. MARIN INC. Condensed Balance Sheet May 31 ($ in millions) 2017 2016 Assets $9,500 $8,880 Current Assets 1,830 Property, plant, and equipment (net) 1,950 Other assets 1,530 1,640 $12,980 $12,350 Total assets Liabilities and Stockholders' Equity $3,200 $3,300 Current Liabilities 1,270 1,250 Long-term liabilities 7,780 Stockholders' equity 8,530 $12,980 $12,350 Total liabilities and stockholders' equity (a) Prepare a horizontal analysis of the balance sheet data for Marin, using 2016 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.) MARIN INC Condensed Balance Sheet ($ in millions) Percentage Change from 2016 2017 2016 (Decrease Assets $9.500 $8.880 Current Assets 620 Property, plant, and equipment (net) 1,950 1,830 120 Other assets 1,530 1,640 (110) $12,980 $12,350 $ Total assets 630 Liabilities and Stockholders Equity $3.200 $3,300 Current Liabities (100) Long-term labilties 1,250 1,270 (20) 7,780 Stockholders' equity 8.530 750 $12,350 $12,980 630 Total labities and stockholders' equity % (b) Prepare a vertical analysis of the balance sheet data for Marin for 2017 MARIN INC. Condensed Balance Sheet (in millions) Percent Assets $9,500 % Current Assets % Property, plant, and equipment (net) 1,950 % Other assets 1,530 $12,980 Total assets Liabilities and Stockholders' Equity $3,200 Current Liabilities Long-term Liabilities 1,250 % Stockholders' equity % 8,530 $12,980 % Total liabilities and stockholders' equity ...d H.-Ch...1AL Ci-.16... ... 96 96 9/6

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