Student Name Student Number Class Work 7: Required: a) Calculate Total Current Assets for both years. b) Calculate Net Fixed Assets for both years. c) Calculate Total Assets for both years. d) Calculate Total Current Liabilities for both years. e) Calculate Total Liabilities for both years. f Calculate Total Liabilities and Owner's Equity for both years. g) Do Vertical Analysis for both years. h) Do Horizontal Analysis. Elvis Products International Balance Sheet As of Dec. 31 Vertical Analysis 2009 Horizontal or Trend Analvsis 2008 57,600 351,200 715,200 2009 2008 Cash and Equivalents Accounts Receivable 402,000 836,000 2?2 2?2 Total Current Assets Plant & Equipment Accumulated Depreciation 527,000 146,200 491,000 146,200 Net Fixed Assets Total Assets Liabilities and Owner's Equit ?2? Accounts Payable Short-term Notes Payable Other Current Liabilities 175,200 225,000 140,000 45,600 200,000 136,000 Total Current Liabilities Long-term Debt 424,612 323,432 Total Liabilities Common Stock Retained Earnings Total Shareholder's Equity 225.988 203.768 Total Liabilities and Owner's Equ