The comparative balance sheets of Oklahoma Corporation are presented below:

\section*{Instructions}

(a) Prepare a horizontal analysis of the balance sheet data for Oklahoma Corporation using 1996 as a base. (Show the amount of increase or decrease as well.)

(b) Prepare a vertical analysis of the balance sheet data for Oklahoma Corporation in columnar form for 1997.

Transcribed Image Text:

OKLAHOMA CORPORATION Comparative Balance Sheets As of December 31 1997 1996 Assets Current assets Property, plant, & equipment (net) Intangibles Total assets $ 72,000 $ 80,000 99,000 90,000 24,000 40,000 $195,000 $210,000 Liabilities & stockholders' equity Current liabilities $ 40,800 Long-term liabilities. 138,000 $ 48,000 150,000 Stockholders' equity 16,200 12,000 Total liabilities & stockholders' equity $195,000 $210,000