for Astrologer only
balckeThe comparative condensed balance sheets of Garcia Corporation are presented below.
(a) Prepare a horizontal analysis of the balance sheet data for Garcia Corporation using 2013 as a base. (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%.)
GARCIA CORPORATION Comparative Condensed Balance Sheets December 31 | ||||
2014 | 2013 | |||
| Assets | ||||
| Current assets | $ 74,610 | $ 78,800 | ||
| Property, plant, and equipment (net) | 99,430 | 90,520 | ||
| Intangibles | 27,230 | 39,870 | ||
| Total assets | $201,270 | $209,190 | ||
| Liabilities and stockholders’ equity | ||||
| Current liabilities | $ 43,400 | $ 48,360 | ||
| Long-term liabilities | 142,820 | 149,750 | ||
| Stockholders’ equity | 15,050 | 11,080 | ||
| Total liabilities and stockholders’ equity | $201,270 | $209,190 | ||
(a) Prepare a horizontal analysis of the balance sheet data for Garcia Corporation using 2013 as a base. (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%.)
GARCIA CORPORATION Condensed Balance Sheets December 31 | |||||||||||||||||||
2014 | 2013 | Increase (Decrease) | Percentage Change from 2013 | ||||||||||||||||
Assets | |||||||||||||||||||
Current Assets | $74,610 | $78,800 | $  | $ | | | | | |||||||||||
| | | | $ [removed] | [removed] % | $ [removed] | [removed] % | ||||||||||||
13 years ago
10
