Hare is financial information for Gittar Inc December 31, 2020 December 31.2019 Current assets $123.000 $100.000 Plantassets inat 394,471 329,000 Current labilities 67,472 71000 Longterm liabilities 137,192 s8.000 Common stock, $1 par 165.833 111.000 Ratained carnings 125,974 159.000 Prepars a schedule shoving a horisontal analysis for 2020, using 2019 as the base ysar. Enter negative amounts and percentages using either a negative sign preceding the number es 45, 45% or parentheses eg (451. (45. Round percentages to 1decimal place, eg 12.3%)

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Here is financi:l information for Glitter Inc.
December 31, 2020
December 31, 2019
Current assets
$123,000
$100,000
Plant assets (nat)
394,471
329,000
Current liabilities
87,472
71,000
Long-term liabilities
137,192
88,000
Common stock, $1 par
166,833
111,000
Retained earning
125,974
159,000
Prepare a schedule shoving a horizontal analysis for 2020, using 2019 as the base year. (Enter negative amounts and percentages using
either a negative sign preceding the number eg. -45, -45% or parentheses eg. (45). (45%). Round percentages to 1 decimal place, eg 12.3%)
Transcribed Image Text:Here is financi:l information for Glitter Inc. December 31, 2020 December 31, 2019 Current assets $123,000 $100,000 Plant assets (nat) 394,471 329,000 Current liabilities 87,472 71,000 Long-term liabilities 137,192 88,000 Common stock, $1 par 166,833 111,000 Retained earning 125,974 159,000 Prepare a schedule shoving a horizontal analysis for 2020, using 2019 as the base year. (Enter negative amounts and percentages using either a negative sign preceding the number eg. -45, -45% or parentheses eg. (45). (45%). Round percentages to 1 decimal place, eg 12.3%)
Prepare a schedula showing a horizontal analysis for 2020, using 2019 as the base year. (Enter negative amounts and percentages using
either a negative sign preceding the number eg. -45, -45% or parentheses eg. (45). (45%). Round percentages to 1 decimal place, eg 12.3%)
GLITTER INC.
Condensed Balance Sheets
December 31
Increase or (Decrease)
2020
2019
Amount
Percentage
Assets
Current assets
$123,000
$100,000
96
Plant assets (net)
394,471
329,000
Total assets
$517,471
$429,000
Liabilities
Current liabities
$87,472
$71,000
96
Long-term labilities
137,192
88,000
Total liabilities
224,664
159,000
Stockholders' Equity
Common stock, $1 par
166,833
111,000
Retained earnings
125,974
159,000
Total stockholders
292,807
270,000
96
equity
Total liabilities and
$517,471
$429,000
stockholders' equity
Transcribed Image Text:Prepare a schedula showing a horizontal analysis for 2020, using 2019 as the base year. (Enter negative amounts and percentages using either a negative sign preceding the number eg. -45, -45% or parentheses eg. (45). (45%). Round percentages to 1 decimal place, eg 12.3%) GLITTER INC. Condensed Balance Sheets December 31 Increase or (Decrease) 2020 2019 Amount Percentage Assets Current assets $123,000 $100,000 96 Plant assets (net) 394,471 329,000 Total assets $517,471 $429,000 Liabilities Current liabities $87,472 $71,000 96 Long-term labilities 137,192 88,000 Total liabilities 224,664 159,000 Stockholders' Equity Common stock, $1 par 166,833 111,000 Retained earnings 125,974 159,000 Total stockholders 292,807 270,000 96 equity Total liabilities and $517,471 $429,000 stockholders' equity
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