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Prepare a horizontal analysis of the balance sheet data for Shamrock, using 2019 as a base. SHAMROCK, INC. Condensed Balance Sheet May 31 ($ in
Prepare a horizontal analysis of the balance sheet data for Shamrock, using 2019 as a base.
SHAMROCK, INC. Condensed Balance Sheet May 31 ($ in millions) Percentage Change from 2019 Increase (Decrease) 2020 2019 Assets > Current Assets $9,670 $8,740 930 10.6 % Property, plant, and equipment (net) 1,900 1,850 50 2.71% > Other assets 1,590 1,690 (100) (5.9) % X Total assets $13,160 $12,280 880 6.7 || % Liabilities and Stockholders' Equity Current Liabilities $3,200 $3,320 (120) (3.6) % X Long-term liabilities 1,270 1,320 (50) (3.9) % Stockholders' equity 8,690 7,640 1050 13.7% X Total liabilities and stockholders' equity $13,160 $12,280 880 6.7 || %Step by Step Solution
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