Balance Sheet Prepare a horizontal analysis of the balance sheet for Year 4 and Year 3. Note: Negative answers should be indicated by a minus sign. Round your answers to 1 decimal place. (l.e., .234 should be entered as 23.4). Assets Current assets Cash Income Statement Marketable securities Accounts receivable (net) Inventories Prepaid Items Total current assets Investments Plant (net) Land Total long-term assets Total assets Liabilities and Stockholders' Equity Liabilities Current liabilities Notes payable Accounts payable Salaries payable Total current liabilities Noncurrent liabilities Bonds payable Other FRANKLIN COMPANY Horizontal Analysis of Balance Sheets Year 4 Total noncurrent liabilities Total liabilities Stockholders' equity Preferred stock (par value $10, 4% cumulative, nonparticipating: 6,300 shares authorized and issued) Common stock (no par, 50,000 shares authorized, 10,000 Retained earnings Total stockholders' equity Total labilties & stockholders equity $ $ S 16,500 $ 21,400 54,700 136,100 25,500 254,200 28,300 272,000 30,600 330,900 585,100 $ Year 3 17.000 $ 112,400 20,300 149.700 128.600 278,300 63.000 12,100 7.400 46,600 144,600 10,600 221,300 21,100 256,700 25,100 96,200 98.200 30,400 26.700 124,900 244,400 63,000 180.800 306.800 585,100 $ 302,900 524.200 5,800 99,200 14,500 119,500 63,000 63.000 153,800 279,800 524.200 Income Statement > % Change
Balance Sheet Prepare a horizontal analysis of the balance sheet for Year 4 and Year 3. Note: Negative answers should be indicated by a minus sign. Round your answers to 1 decimal place. (l.e., .234 should be entered as 23.4). Assets Current assets Cash Income Statement Marketable securities Accounts receivable (net) Inventories Prepaid Items Total current assets Investments Plant (net) Land Total long-term assets Total assets Liabilities and Stockholders' Equity Liabilities Current liabilities Notes payable Accounts payable Salaries payable Total current liabilities Noncurrent liabilities Bonds payable Other FRANKLIN COMPANY Horizontal Analysis of Balance Sheets Year 4 Total noncurrent liabilities Total liabilities Stockholders' equity Preferred stock (par value $10, 4% cumulative, nonparticipating: 6,300 shares authorized and issued) Common stock (no par, 50,000 shares authorized, 10,000 Retained earnings Total stockholders' equity Total labilties & stockholders equity $ $ S 16,500 $ 21,400 54,700 136,100 25,500 254,200 28,300 272,000 30,600 330,900 585,100 $ Year 3 17.000 $ 112,400 20,300 149.700 128.600 278,300 63.000 12,100 7.400 46,600 144,600 10,600 221,300 21,100 256,700 25,100 96,200 98.200 30,400 26.700 124,900 244,400 63,000 180.800 306.800 585,100 $ 302,900 524.200 5,800 99,200 14,500 119,500 63,000 63.000 153,800 279,800 524.200 Income Statement > % Change
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Balance Sheet
Prepare a horizontal analysis of the balance sheet for Year 4 and Year 3.
Note: Negative answers should be indicated by a minus sign. Round your answers to 1 decimal place. (1.e., .234 should be
entered as 23.4).
Assets
Current assets
Cash
Income
Statement
Marketable securities
Accounts receivable (net)
Inventories
Prepaid Items
Total current assets
Investments
Plant (net)
Total long-term assets
Total assets
Liabilities and Stockholders' Equity
Liabilities
Current liabilities
Terlam
Notes payable
Accounts payable
Salaries payable
Total current liabilites
Noncurrent liabilities
Bonds payable
Other
Total noncurrent liabilities
Total abilities
Stockholders' equity
FRANKLIN COMPANY
Horizontal Analysis of Balance Sheets
Preferred stock (par value $10, 4% cumulative,
nonparticipating: 6,300 shares authorized and issued)
EMAIA
Common stock (no par; 50,000 shares authorized, 10,000
shares issued)
Retained earnings
Total stockholders' equity
Total habilities & stockholders equity
$
Year
$
16,500 $
21,400
54,700
136,100
25,500
254,200
28,300
272,000
30,600
330,900
585,100 $
17,000 $
112,400
20,300
***149.700
98.200
30,400
128,600
278,300
63.000
63.000
180.800
306,800
585,100
12,100
7,400
46,600
144,600
10,600
221,300
21,100
256,700
25,100
302,900
524.200
5,800
99.200
14.500
119,500
98.200
26.700
124.900
244,400
63,000
63,000
153.800
279,800
524.200
Income Statement >
% Change
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