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Prepare a horizontal analysis of the balance sheet. (Negative answers should be indicated by a minus sign. Round your answers to 1 decimal place.
Prepare a horizontal analysis of the balance sheet. (Negative answers should be indicated by a minus sign. Round your answers to 1 decimal place. (i.e., .234 should be entered as 23.4).) Assets Current assets SOLOMON COMPANY Horizontal Analysis of Balance Sheets Year 4 Year 3 % Change Cash Marketable securities Accounts receivable (net) Inventories Prepaid items Total current assets Investments $ 16,300 $ 20,300 13,200 % 7,200 55,500 47,200 136,500 144,000 26,000 10,100 254,600 221,700 28,400 20,200 Plant (net) 270,000 256,300 Land 30,500 25,600 Total long-term assets 328,900 302,100 Total assets $ 583,500 $ 523,800 Liabilities and Stockholders' Equity Liabilities Current liabilities Notes payable Accounts payable Salaries payable Total current liabilities Noncurrent liabilities $ 15,800 $ 4,700 113,800 98,100 20,800 14,300 150,400 117,100 Screenshot
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