Dec. 31, 2017 Dec. 31, 2016 $ 210,500 $ 253,500 Current assets Plant assets 1,362,800 800,200 Total assets $1,573,300 $1,053,700 Compute the amount and percentage changes in 2017 using horizontal analysis, assuming

Dec. 31, 2017 Dec. 31, 2016 $ 210,500 $ 253,500 Current assets Plant assets 1,362,800 800,200 Total assets $1,573,300 $1,053,700 Compute the amount and percentage changes in 2017 using horizontal analysis, assuming

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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Question

Dec. 31, 2017
Dec. 31, 2016
$ 253,500
$ 210,500
1,362,800
Current assets
Plant assets
800,200
Total assets
$1,573,300
$1,053,700
Compute the amount and percentage changes in 2017 using horizontal analysis, assuming 2016 is the base year.

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