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##### Horizontal and Vertical Analysis

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(Horizontal and Vertical Analysis);Presented below are comparative balance sheets for the Gilmour Company.;GILMOUR COMPANY;Comparative Balance Sheet;As of December 31, 2013 and 2012;December 31;2013;2012;Assets;Cash \$179,200 \$276,000;Accounts receivable (net) 220,000 155,400;Short-term investments 271,000 149,200;Inventories 1,060,000 979,200;Prepaid expense 25,910 25,910;Fixed assets 2,584,000 1,950,000;Accumulated depreciation;(1,000,000);(751,000);\$3,340,110;\$2,784,710;Liabilities and Stockholders' Equity;Accounts payable \$49,950 \$74,950;Accrued expenses 169,300 200,700;Bonds payable 450,700 190,000;Capital stock 2,099,000 1,771,000;Retained earnings;571,160;548,060;\$3,340,110;\$2,784,710;Instructions;Complete the comparative balance sheet of Gilmour Company showing the percent each item is of the total assets or total liabilities and stockholders' equity.(Round percentages to two decimal places eg 5.89);GILMOUR COMPANY;Comparative Balance Sheet;As of December 31, 2013 and 2012;December 31;2013;2012;Assets;%;%;Cash \$179,200;\$276,000;Accounts receivable (net) 220,000;155,400;Short-term investments 271,000;149,200;Inventories 1,060,000;979,200;Prepaid expense 25,910;25,910;Fixed assets 2,584,000;1,950,000;Accumulated depreciation;(1,000,000);(751,000);\$3,340,110;\$2,784,710;Liabilities and Stockholders' Equity;Accounts payable \$49,950;\$74,950;Accrued expenses 169,300;200,700;Bonds payable 450,700;190,000;Capital stock 2,099,000;1,771,000;Retained earnings;571,160;548,060;\$3,340,110;\$2,784,710;Complete the comparative balance sheet of Gilmour Company showing the dollar change and the percent change for each item. (Round percentages to two decimal places eg 5.89. If answer is zero, please enter 0. Do not leave any fields blank. If \$ or % change are a decrease put amounts in parenthesis eg (15,000) (5.98).);GILMOUR COMPANY;Comparative Balance Sheet;As of December 31, 2013 and 2012;December 31;Increase or (Decrease);Assets;2013;2012;\$ Change;% Change;Cash \$179,200 \$276,000 \$;Accounts receivable (net) 220,000 155,400;Short-term investments 271,000 149,200;Inventories 1,060,000 979,200;Prepaid expense 25,910 25,910;Fixed assets 2,584,000 1,950,000;Accumulated depreciation;(1,000,000);(751,000);\$3,340,110;\$2,784,710;Liabilities and Stockholders' Equity;Accounts payable \$49,950 \$74,950;Accrued expenses 169,300 200,700;Bonds payable 450,700 190,000;Capital stock 2,099,000 1,771,000;Retained earnings;571,160;548,060;\$3,340,110;\$2,784,710

Paper#20923 | Written in 18-Jul-2015

Price : \$27