Here is financial information for Glitter Inc. Current Assets Plant Assets Current Liabilities Long-Term Liabilities Common Stock $1 par Retained Earnings Assets Instructions Prepare a schedule showing horizonal analysis for 2022. Using 2021 as the base year. Your Answers: FYI: Format the % with one decimal place: ex 99.9% If your dollar or percent answer is a negative amount, indicate by parentheses as: ex (99.9%) I Current Assets Plant Assets (net) Total Assets Liabilities Current Liabilities Long-Term Liabilities Total Liabilities Stockholders' Equity Common Stock, $1 par Retained Earnings Total Stockholders' Equity December 31 2022 106,000 400,000 99,000 122,000 130,000 155,000 Total Liabilities and Stockholders' Equity 2022 106,000 400,000 506,000 2021 130,000 155,000 285,000 90,000 350,000 440,000 99,000 65,000 122,000 90,000 221,000 155,000 115,000 170,000 285,000 December 31 2021 90,000 350,000 65,000 90,000 115,000 170,000 506,000 440,000 Increase OR (Decrease) $ Amount Percent -0- -0-

Here is financial information for Glitter Inc. Current Assets Plant Assets Current Liabilities Long-Term Liabilities Common Stock $1 par Retained Earnings Assets Instructions Prepare a schedule showing horizonal analysis for 2022. Using 2021 as the base year. Your Answers: FYI: Format the % with one decimal place: ex 99.9% If your dollar or percent answer is a negative amount, indicate by parentheses as: ex (99.9%) I Current Assets Plant Assets (net) Total Assets Liabilities Current Liabilities Long-Term Liabilities Total Liabilities Stockholders' Equity Common Stock, $1 par Retained Earnings Total Stockholders' Equity December 31 2022 106,000 400,000 99,000 122,000 130,000 155,000 Total Liabilities and Stockholders' Equity 2022 106,000 400,000 506,000 2021 130,000 155,000 285,000 90,000 350,000 440,000 99,000 65,000 122,000 90,000 221,000 155,000 115,000 170,000 285,000 December 31 2021 90,000 350,000 65,000 90,000 115,000 170,000 506,000 440,000 Increase OR (Decrease) $ Amount Percent -0- -0-

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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