Please help with part A & B of exercise 18-3 :) Thank you!!!!
Exercise 18-3 The comparative condensed balance sheets of Gurley Corporation are presented below. 2016 GURLEY CORPORATION Comparative Condensed Balance Sheets December 31 2017 Assets Current assets $ 75,200 Property, plant, and equipment (net) 98,100 Intangibles 25,400 Total assets $198,700 Liabilities and stockholders' equity Current liabilities $ 41,800 Long-term liabilities 143,600 Stockholders' equity 13,300 Total llabilities and stockholders' equity $198,700 $ 81,200 88,800 38,600 $208,600 $ 48,000 151,400 9,200 $208,600 Prepare a horizontal analysis of the balance sheet data for Gurley Corporation using 2016 as a base. (Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (45%). Round percentages to 1 decimal place, e.g. 12.3%.) GURLEY CORPORATION Condensed Balance Sheets Increase Percentage PRINTER VERSION BACK NEXT (a) Prepare a horizontal analysis of the balance sheet data for Gurley Corporation using 2016 as a base. (Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (45%). Round percentages to 1 decimal place, e.g. 12.3%.) GURLEY CORPORATION Condensed Balance Sheets 2017 2016 Increase (Decrease) Percentage Change from 2016 Assets Current assets $75,200 $81,200 $ Property, plant & equipment (net) 98,100 88,800 Intangibles 25,400 38,600 % $198,700 $208,600 9 Total assets Liabilities and stockholders' Equity Current liabilities $41,800 $48,000 % Long-term liabilities 143,600 151,400 % Stockholders' equity 13,300 9,200 % Total liabilities and stockholders' equity $198,700 $208,600 $ 96 (b) Prepare a vertical analysis of the balance sheet data for Gurley Corporation in columnar form for 2017. (Round percentages to 1 decimal place, e.g. 12.3% GURLEY CORPORATION Condensed Balance Sheet Amount Percent Assets Current assets $75,200 Property, plant, and equipment (net) 98,100 25,400 Intangibles $198,700 Total assets Liabilities and stockholders' equity Current liabilities $41,800 143,600 Long-term liabilities 13,300 % Stockholders' equity $198,700 % Total liabilities and stockholders' equity