Details of this Paper

Exercise 18-1_Sinead Inc_horizontal analysis

Description

solution


Question

Question;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;$100,970;$;%;Plant Assets (net);394,340;328,550;%;Total assets;$518,260;$429,520;$;%;Liabilities;Current Liabilities;$89,510;$70,740;$;%;Long-term Liabilities;129,370;87,560;%;Total liabilities;218,880;158,300;%;Stockholders' Equity;Common Stock, $1 par;166,530;116,400;%;Retained Earnings;132,850;154,820;%;Total stockholders' equity;299,380;271,220;%;Total liabilities and stockholders;equity;$518,260;$429,520;$;%

 

Paper#37207 | Written in 18-Jul-2015

Price : $22
SiteLock