Account Assets: Able Corporation Condensed Balance Sheets 31-Dec Current Assets Property, Plant & Equipment Intangibles Total Assets Liabilities & Stockholder's Equity Current Liabilities Long-term Liabilities Stockholders' Equity Total Liabilities & Stockholder's Equity Balance 2017 72,000 95,400 33,600 201,000 40,320 142,500 18,180 201,000 2016 80,000 90,000 40,000 210,000 48,000 150,000 12,000 210,000 1. Prepare a trend analysis of the balance sheet data for Able Corp. using 2016 as a base - in Excel II. Prepare a common size analysis of the balance sheer for Able Corp in columnar format for 2016 - in E
Account Assets: Able Corporation Condensed Balance Sheets 31-Dec Current Assets Property, Plant & Equipment Intangibles Total Assets Liabilities & Stockholder's Equity Current Liabilities Long-term Liabilities Stockholders' Equity Total Liabilities & Stockholder's Equity Balance 2017 72,000 95,400 33,600 201,000 40,320 142,500 18,180 201,000 2016 80,000 90,000 40,000 210,000 48,000 150,000 12,000 210,000 1. Prepare a trend analysis of the balance sheet data for Able Corp. using 2016 as a base - in Excel II. Prepare a common size analysis of the balance sheer for Able Corp in columnar format for 2016 - in E
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Kk. 251.
Transcribed Image Text:Able Corporation
Condensed Balance Sheets
31-Dec
Account
Assets:
Current Assets
Property, Plant & Equipment
Intangibles
Total Assets
Liabilities & Stockholder's Equity
Current Liabilities
Long-term Liabilities
Stockholders' Equity
Total Liabilities & Stockholder's Equity
Balance
2017
72,000
95,400
33,600
201,000
40,320
142,500
18,180
201,000
2016
80,000
90,000
40,000
210,000
48,000
150,000
12,000
210,000
1. Prepare a trend analysis of the balance sheet data for Able Corp. using 2016 as a base - in Excel
II. Prepare a common size analysis of the balance sheer for Able Corp in columnar format for 2016 - in E
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