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Please show work. 4. Perform a horizontal analysis on Tortoise Cleaning Corporation's 2018 and 2019 balance sheets. Round percentages to one decimal place Tortoise Cleaning
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4. Perform a horizontal analysis on Tortoise Cleaning Corporation's 2018 and 2019 balance sheets. Round percentages to one decimal place Tortoise Cleaning Corporation Comparative Balance Sheet December 31,2019 and 2018 Dec. 31, 2019 Dec. 31, 2018 Assets Current assets Long-term investments Property, plant, and equipment (net) Intangible assets Total assets 500,200 1,200,450 9,750,000 1,685,000 $13,135,650 S 480,300 1,540,600 8,890,000 1,790,000 $12,700,900 Liabilities S 700,100 7,685,000 8,385,100 Current liabilities Long-term liabilities Total liabilities $ 654,300 7,750,300 $ 8,404,600 Stockholders' Equity Preferred 4% stock, $10 par Common stock, $4 par Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 877,600 S 875,600 2,450,000 1,422,950 S 4,750,550 2,190,000 1,230,700 $ 4,296,300 $12,700,900 S13,135,650Step by Step Solution
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