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RCES Exercise 14-3 ork The comparative condensed balance sheets of Gurley Corporation are presented below GURLEY CORPORATION Comparative Condensed Balance Sheets 31 2017 2016 Assets

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RCES Exercise 14-3 ork The comparative condensed balance sheets of Gurley Corporation are presented below GURLEY CORPORATION Comparative Condensed Balance Sheets 31 2017 2016 Assets Current assets Property, plant, and equipment (net) Intangibles s 70,200$81,800 98,30091,400 38,400 $195,100 $211,600 26,600 Total assets tudy Liabilities and stockholders' equity Current liabilities Long-term liabilities Stockholders' equity $41,000 $48,400 135,800 148,800 18,300 14,400 Total liabilities and stockholders' equity $195,100 $211,600 2 Your answer is partially correct. Try again. Prepare a horizontal analysis of the balance sheet data for Gurley Corporation using 2016 as a base. (Enter nega 45% or parentheses e.g. (45), (45%). Round percentages to l decimal place, eg. 12.396.) GURLEY CORPORATION Condensed Balance Sheets December 31

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