rk Study Exercise 18-3 The comparative condensed balance sheets of Gurley Corporation are presented below. GURLEY CORPORATION Comparative Condensed Balance Sheets December 31 2017 2016 Assets Current assets $ 73,000 $78,200 Property, plant, and equipment (net) 98,400 89,200 Intangibles 27,800 41,000 Total assets $199,200 $208,400 Liabilities and stockholders' equity Current liabilities $ 40,600 $ 47,600 Long-term liabilities 141,200 151,000 Stockholders' equity 17,400 9,800 Total liabilities and stockholders' equity $199,200 $208,400 (a) Prepare a horizontal analysis of the balance sheet data for Gurley Corporation using 2016 as a base. (Enter negative amounts and percentag number e.g. -45, -45% or parentheses e.g. (45), (45%). Round percentages to I decimal place, e.g. 12.39.) GURLEY CORPORATION Condensed Balance Sheets 2017 2016 Increase (Decrease) Percentage Change from 2016 Assets Current assets $73,000 $78,200 Property, plant & equipment (net) 98,400 89,200 Intangibles 27,800 41,000 Weygandt, Accounting Principles, 12e Help System Announcements PRINTER VERE 1) Prepare a horizontal analysis of the balance sheet data for Gurley Corporation using 2016 as a base. (Enter negative amounts and percentages using either a negative number eg. -45, -4596 or parentheses 09. (45), (45%). Round percentages to 1 decimal place, e.g. 12.3%) GURLEY CORPORATION Condensed Balance Sheets 2017 2016 Increase (Decrease) Percentage Change from 2016 Assets Current $73,000 $78,200 Property, plant & equipment (net) 98,400 89,200 Intangibles 27,800 41,000 Total assets $199,200 $208,400 Liabilities and stockholders' Equity Current liabilities $40,600 $47,600 Long-term liabilities 141,200 151.000 Stockholders equity 17,400 9,800 Total liabilities and stockholders' equity $199,200 $208,400 [b) Prepare a vertical analysis of the balance sheet data for Gurley Corporation in columnar form for 2017. (Round percentages to 1 decimal place, w.. 12,396) GURLEY CORPORATION Condensed Balance Sheet Amount CES (b) Prepare a vertical analysis of the balance sheet data for Gurley Corporation in columnar form for 2017. (Round percentages to I decimal place, es GURLEY CORPORATION Condensed Balance Sheet Amount Percent Assets tudy Current assets $73,000 % Property, plant, and equipment (net) 98,400 96 Intangibles 27,800 Total assets $199,200 Liabilities and stockholders' equity Current liabilities $40,600 Long-term liabilities 141,200 R 17,400 Stockholders' equity Total Habilities and stockholders' equity $199,200 Click If you would like to show Work for this question Open Show Works LINK TO TEXT Question Attemptsi 0 af 15 used