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Use the balance sheet of Michigan, Inc. to complete: A vertical & horizontal analysis. calculate working capital for 2019 and 2018. Michigan, Inc. Comparative Balance
- Use the balance sheet of Michigan, Inc. to complete:
- A vertical & horizontal analysis.
- calculate working capital for 2019 and 2018.
Michigan, Inc.
Comparative Balance Sheet
December 31, 2019 and 2018
2019 2018
Assets
Total Current Assets $200,000 $100,000
Property, Plant, and Equipment, Net 550,000 500,000
Other Assets 50,000 50,000
Total Assets $800,000 $650,000
Liabilities
Total Current Liabilities $150,000 $100,000
Long-term Debt 350,000 250,000
Total Liabilities 500,000 350,000
Stockholders' Equity
Total Stockholders' Equity 300,000 300,000
Total Liabilities and Stockholders' Equity $800,000 $650,000
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