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Instructions Prepare a schedule showing horizonal analysis for 2022. Using 2021 as the base year. Your Answers: FYI: Format the % with one decimal
Instructions Prepare a schedule showing horizonal analysis for 2022. Using 2021 as the base year. Your Answers: FYI: Format the % with one decimal place: ex 99.9% If your dollar or percent answer is a negative amount, indicate by parentheses as: ex (99.9%) Increase OR (Decrease) Assets Current Assets Plant Assets (net) Total Assets 2022 2021 $ Amount 106,000 90,000 400,000 350,000 506,000 440,000 Liabilities Current Liabilities 99,000 65,000 Long-Term Liabilities 122,000 90,000 Total Liabilities 221,000 155,000 Stockholders' Equity Percent Common Stock, $1 par 130,000 115,000 Retained Earnings Total Stockholders' Equity 285,000 155,000 170,000 285,000 -0- -0- Total Liabilities and Stockholders' Equity 506,000 440,000
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