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Please show work in excel :) Addyson Company Condensed Comparative Balance Sheet December 31, 2017 and 2016 Assets 2017 Current assets 71,000 68,000 Long-term investments
Please show work in excel :)
Addyson Company Condensed Comparative Balance Sheet December 31, 2017 and 2016 Assets 2017 Current assets 71,000 68,000 Long-term investments 43,000 67,000 Land, buildings, and equipment (net) 195,000 162,000 Intangible assets 9,400 11,300 other assets 5,000 8,000 Total assets $347,400 5292,300 Liabilities current liabilities 37, 100 s 34,000 Long-term liabilities 8% bonds 23,500 17,900 Total liabilities 60, 6 51, 900 Stockholders' Equity 63 preferred stock 7,500 7,500 Common stock 50,000 50,000 Additional paid-in capital 46,000 46,000 Retained earnings 183, 300 136,900 Total stockholders' equity $286,800 $240, 400 Total liabilities and stockholders equity 292 INSTRUCTIONS Prepare a common-size balance sheet comparing financial structure percentages for the two-year period. Use total assets standardize. Make 5 comments that analyze the common-size balance sheets. Assume you are trying to explain to owner of the company what these statements show. what went right. what went wrong. how things have changed. any trends that you see. etcStep by Step Solution
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