Print by: Erica Burkett AC202:AC202DLU1A2020 Principles of Managerial Account in / AC202 - Chapter 13 Assignment *Exercise 13-5 Suppose the comparative balance sheets of Marin Inc. are presented here. 2017 2016 $9,500 1,950 1,530 $12,980 $8,880 1,830 1,640 $12,350 Assets Current Assets Property, plant, and equipment (net) Other assets Total assets Liabilities and Stockholders' Equity Current Liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity $3,200 1,250 8,530 $12,980 $3,300 1,270 7,780 $12,350 (a) Prepare a horizontal analysis of the balance sheet data for Marin, using 2016 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.) 2017 2016 Increase (Decrease) Percentage Change from 2016 Assets $ Current Assets $9,500 $8,880 % 620 70 Property, plant, and equipment (net) 1,950 1,830 120 70 % Other assets 1,530 1,640 (110) 93 % Total assets $ $12,980 $12,350 630 51 % Liabilities and Stockholders' Equity Current Liabilities $3,200 $3,300 % $ 97 Long-term liabilities (100) (20) 1,250 1,270 98 % Stockholders' equity 8,530 7,780 750 96 96 Total liabilities and stockholders' equity $ $12,980 $12,350 630 51 % (b) Prepare a vertical analysis of the balance sheet data for Marin for 2017. $ (in millions) Percent Assets Current Assets $9,500 % Property, plant, and equipment (net) 1,950 % Other assets 100 20.5 16.1 36.6 1,530 % Total assets $12,980 % Liabilities and Stockholders' Equity Current Liabilities $3,200 33.6 % Long-term Liabilities 1,250 73.1 % Stockholders' equity 8,530 89.7 % Total liabilities and stockholders' equity $12,980 36.4 % Question Attempts: 0 of 3 used Copyright 2000-2020 by wonn Wey Son, Inc. or related companies AS served