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Exercise 18-1_Sinead Inc_horizontal analysis

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Exercise 18-1;Financial information for Sinead Inc. is presented below.;December 31, 2013;December 31, 2012;Current assets;$123,920;$100,970;Plant assets (net);394,340;328,550;Current liabilities;89,510;70,740;Long-term liabilities;129,370;87,560;Common stock, $1 par;166,530;116,400;Retained earnings;132,850;154,820;Prepare a schedule showing a horizontal analysis for 2013 using 2012 as the base year.(If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000). (20%). Round percentages to 1 decimal place, e.g. 12.3%.);SINEAD INC.;Condensed Balance Sheets;December 31;Increase or (Decrease);2013;2012;Amount;Percentage;Assets;Current Assets;$123,920;$100,970;$;http://edugen.wiley.com/edugen/art2/common/pixel.gif %;Plant Assets (net);394,340;328,550;http://edugen.wiley.com/edugen/art2/common/pixel.gif %;Total assets;$518,260;$429,520;$;http://edugen.wiley.com/edugen/art2/common/pixel.gif %;Liabilities;Current Liabilities;$89,510;$70,740;$http://edugen.wiley.com/edugen/art2/common/pixel.gif;http://edugen.wiley.com/edugen/art2/common/pixel.gif %;Long-term Liabilities;129,370;87,560;http://edugen.wiley.com/edugen/art2/common/pixel.gif;http://edugen.wiley.com/edugen/art2/common/pixel.gif %;Total liabilities;218,880;158,300;http://edugen.wiley.com/edugen/art2/common/pixel.gif;http://edugen.wiley.com/edugen/art2/common/pixel.gif %;Stockholders' Equity;Common Stock, $1 par;166,530;116,400;http://edugen.wiley.com/edugen/art2/common/pixel.gif;http://edugen.wiley.com/edugen/art2/common/pixel.gif %;Retained Earnings;132,850;154,820;http://edugen.wiley.com/edugen/art2/common/pixel.gif;http://edugen.wiley.com/edugen/art2/common/pixel.gif %;Total stockholders' equity;299,380;271,220;http://edugen.wiley.com/edugen/art2/common/pixel.gif;http://edugen.wiley.com/edugen/art2/common/pixel.gif %;Total liabilities and stockholders' equity;$518,260;$429,520;$http://edugen.wiley.com/edugen/art2/common/pixel.gif;http://edugen.wiley.com/edugen/art2/common/pixel.gif %

 

Paper#27846 | Written in 18-Jul-2015

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