Prepare a vertical analysis of the balance sheet data for

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Reference no: EM13568967

The comparative condensed balance sheets of Garcia Corporation are presented below.

GARCIA CORPORATION Comparative Condensed Balance Sheets December 31
	2014	2013
Assets
Current assets	$ 75,960	$ 78,790
Property, plant, and equipment (net)	99,040	90,110
Intangibles	25,880	41,850
Total assets	$200,880	$210,750
Liabilities and stockholders' equity
Current liabilities	$ 40,310	$ 49,320
Long-term liabilities	140,650	149,710
Stockholders' equity	19,920	11,720
Total liabilities and stockholders' equity	$200,880	$210,750

(a) Prepare a horizontal analysis of the balance sheet data for Garcia Corporation using 2013 as a base.

GARCIA CORPORATION Condensed Balance Sheets December 31
	2014	2013	Increase (Decrease)	Percentage Change from 2013
Assets
Current Assets	$75,960	$78,790	$	%
Property, Plant & Equipment (net)	99,040	90,110		%
Intangibles	25,880	41,850		%
Total assets	$200,880	$210,750	$	%
Liabilities and Stockholders' Equity
Current Liabilities	$40,310	$49,320	$	%
Long-term Liabilities	140,650	149,710		%
Stockholders' Equity	19,920	11,720		%
Total liabilities and stockholders' equity	$200,880	$210,750	$	%

(b) Prepare a vertical analysis of the balance sheet data for Garcia Corporation in columnar form for 2014.

GARCIA CORPORATION Condensed Balance Sheet December 31, 2014
	Amount	Percent
Assets
Current Assets	$75,960	%
Property, Plant, and Equipment (net)	99,040	%
Intangibles	25,880	%
Total assets	$200,880	%
Liabilities and Stockholders' Equity
Current Liabilities	$40,310	%
Long-term Liabilities	140,650	%
Stockholders' Equity	19,920	%
Total liabilities and stockholders' equity	$200,880	%

Reference no: EM13568967

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