Current Assets .. Non-Current Assets Total Assets Current Liabilities Non-Current Liabilities Stockholder's Equity Total Liabilities & Stockholder's Equity Patikim Corporation Comparative Financial Condition For the Years Ended Dec. 31, 2017, 2016, & 2015 P P 2017 1,105,500 5,583,120 6,688,620 1,664,415 1,500,000 3,524, 205 6,668,620 P P 2016 1,025,500 5,822,710 6,848,210 952,918 Required: Prepare Comparative Statement 2017, 2016 & 2015 (Increase, Decrease) Prepare Horizontal Analysis . Prepare Vertical Analysis P 2015 1,500,000 4,395,293 6,848,210 7,018,600 955,900 6,062,700 7,018,600 1,147,528 1,500,000 4,371,073

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Current Assets
Non-Current Assets
Total Assets
Current Liabilities
Non-Current Liabilities
Stockholder's Equity
Total Liabilities &
Stockholder's Equity
Required:
Patikim Corporation
Comparative Financial Condition
For the Years Ended Dec. 31, 2017, 2016, & 2015
P
P
2017
1,105,500
5,583,120
6,688,620
1,664,415
1,500,000
3,524, 205
6,668,620 P
P
2016
1,025,500
P
1. Prepare Comparative Statement 2017, 2016 & 2015 (Increase, Decrease)
2. Prepare Horizontal Analysis
3. Prepare Vertical Analysis
2015
5,822,710
6,848,210
952,918
1,500,000
4,395,293
6,848,210 7,018,600
955,900
6,062,700
7,018,600
1,147,528
1,500,000
4,371,073
Transcribed Image Text:Current Assets Non-Current Assets Total Assets Current Liabilities Non-Current Liabilities Stockholder's Equity Total Liabilities & Stockholder's Equity Required: Patikim Corporation Comparative Financial Condition For the Years Ended Dec. 31, 2017, 2016, & 2015 P P 2017 1,105,500 5,583,120 6,688,620 1,664,415 1,500,000 3,524, 205 6,668,620 P P 2016 1,025,500 P 1. Prepare Comparative Statement 2017, 2016 & 2015 (Increase, Decrease) 2. Prepare Horizontal Analysis 3. Prepare Vertical Analysis 2015 5,822,710 6,848,210 952,918 1,500,000 4,395,293 6,848,210 7,018,600 955,900 6,062,700 7,018,600 1,147,528 1,500,000 4,371,073
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