US Kimmel, Accounting, 6e Practice Assignment Gradebook ORION Downloadable eTextbook ssignment RCES Exercise 13-5 Suppose the comparative balance sheets of Splish Brothers Inc. are presented here. SPLISH BROTHERS INC. Condensed Balance Sheet May 31 ($ in millions) Study 2016 2017 Assets $8,720 Current Assets $9,710 Property, plant, and equipment (net) 1,940 1,870 1,500 1,690 Other assets $12.280 $13,150 Total assets Liabilities and Stockholders' Equity $3,220 $3.330 Current Liabilities 1,380 Long-term lablities 1,330 7,570 8,600 Stockholders' equity $12,280 $13,150 Total liabities and stockholders equity (a) Prepare a horizontal analysis of the balance sheet data for Splish Brothers, using 2016 as a base. (If amount and percentage are -55,000, -20% or (55 ,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.) SPLISH BROTHERS INC. Condensed Balance Sheet May 31 (S in millions) 2000-2019 John Wicy & Spns, Inc. All Rights Reserved A Division or John Wiey & Sons, Ine 1 Privacy Poticy eement MacBook Air F3 & # 7 6 4 3 2 Y T R E Q un ent (a) Prepare a horizontal analysis of the balance sheet data for Splish Brothers, using 2016 as a base. (If amount and percen -55,000, -20 % or (55,000), (20 % ) . Round percentages to 1 decimal place, e.g. 12.1 %. ) SPLISH BROTHERS INC. Condensed Balance Sheet May 31 ($ in millions) Percentage Change from 2016 Increase 2017 2016 (Decrease) Assets Current Assets $9,710 $8,720 S 9% Property, plant, and equipment (net) 1,940 1,870 Other assets 1,500 1,690 Total assets $13,150 $12,280 % Liabilities and Stockholders' Equity Current Liabilities $3,220 $3,330 % 1,330 1,380 Long-term liabilities Stockholders' equity 8,600 7,570 $13,150 $12,280 Total Sabilities and stockholders' equity bivacy Policy 2000-2019 Joho Wley Se0s Ins Al Rights Reserved A Division of 3shn Wley & Sons Inc t MacBook Air & $ # 7 6 5 4 2 3 Y T E W Q K C ORION Assignment Gradebook tice Downioa nment (b) Prepare a vertical analysis of the balance sheet data for Splish Brothers for 2017. SPLISH BROTHERS INC. Condensed Balance Sheet $ (in millions) Percent udy Assets $9,710 % Current Assets 1,940 % Property, plant, and equipment (net) % Other assets 1,500 $13.150 % Total assets Liabilities and Stockholders' Equity Cumrent Liablities $3.220 1.330 Long-term Liablities 8.600 Stockholders equity $13,150 Total labilties and stockholders equity Click if you would like to Show Work for this question: Open Show work oacy Policy 2000-2019 John Wey & Sens. Ioc. Al Rights Raserved A Divipion of Jphn ny & Sons, Inc Rement 1 MacBook Air 3 F2 $ @ # 6 7 4 5 2 3 Y T E Q un LLI