The comparative condensed balance sheets of Conard Corporation are presented below

The comparative condensed balance sheets of Conard Corporation are presented below

CONARD CORPORATION

Comparative Condensed Balance Sheets

December 31

                                        2012                  2011

Assets

Current assets                 $ 74,000               $ 80,000

Property, plant, and equipment (net) 99,000      90,000

Intangibles                           27,000              40,000

Total assets                   $200,000             $210,000

Liabilities and stockholders’ equity

Current liabilities                  $ 42,000           $ 48,000

Long-term liabilities                143,000            150,000

Stockholders’ equity               15,000                12,000

Total liabilities and stockholders’ equity   $200,000       $210,000

Instructions:

(a) Prepare a horizontal analysis of the balance sheet data for Conard Corporation using 2011 as a base.

(b) Prepare a vertical analysis of the balance sheet data for Conard Corporation in columnar form for 2012