Prepare a horizontal analysis of the balance sheet data

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Reference no: EM131769362

Problem - Prepare a schedule showing a vertical analysis for 2012 and 2011.

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.

Reference no: EM131769362

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