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prepare a horizontal analysis of the balance sheet data and find the free cash flow The comparative condensed balance sheets of Gurley Corporation are presented

image text in transcribedprepare a horizontal analysis of the balance sheet data and find the free cash flow
The comparative condensed balance sheets of Gurley Corporation are presented below. 2016 GURLEY CORPORATION Comparative Condensed Balance Sheets December 31 2017 Assets Current assets $73.500 Property.plant and equipment (net) 98.600 Intangibles 26 200 Total assets $198,300 Liabilities and stockholders' equity Current liabilities $ 41.800 Long-term liabilities 142.600 Stockholders equity 13.900 Total liabilities and stockholders' equity $198.300 $78.400 91,000 40,600 $210,000 $47.400 149.400 13,200 5210.000 ta) Prepare a horizontal analysis of the balance sheet data tor Gurley Corporation using 2016 as a base Enter negative amounts and percentages using either a negative sign preceIing the number 5. -45. 451 or parentheses e.: (45).(45%). Round percentages to 1 decimat place es 12.3%.) GURLEY CORPORATION Condensed Balance Sheets 2017 2016 Increase (Decrease) Percentage Change from 20 $73500 572,400 5 Assets Current assets Property plant & equipment net 98.600 91000 Intangibles 26,200 10.600 Totales $98.300 $210000 Liabilities

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