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Use this balance sheet to do horizontal analysis of the Howard Company. 2019 2018 amount percent Assets Current Assets $13,000 $10,000 Plant Assets $44,000 $50,000
Use this balance sheet to do horizontal analysis of the Howard Company. | ||||||||
2019 | 2018 | amount | percent | |||||
Assets | ||||||||
Current Assets | $13,000 | $10,000 | ||||||
Plant Assets | $44,000 | $50,000 | ||||||
Total Assets | $57,000 | $60,000 | ||||||
Liabilities | $11,000 | $20,000 | ||||||
Stockholders' Equity | $46,000 | $40,000 | ||||||
Total Liabilities and Equity | $57,000 | $60,000 | ||||||
Financially, do you think this company is stronger in 2018 or 2019?
2018 because there are more assets | ||
2018 because there are fewer liabilities and more current assets to pay the bills. | ||
2018 because the total liabilities and equity went up. | ||
2019 because there are fewer liabilities and more current assets to pay those bills |
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