Here is financial information for Sage Hill Inc. Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $1 par Retained earnings December 31, 2022 $110,200 402,200 101,200 126,200 134,200 150,800 December 31, 2021 $92,200 354,200 2022 69,200 92,200 119.200 165,800 Prepare a schedule showing a horizontal analysis for 2022, using 2021 as the base year. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%) Round percentages to 1 decimal place, e.g. 12.1%) SAGE HILL INC. Condensed Balance Sheet December 31 2021 Increase or (Decrease) Amount Percentage
Here is financial information for Sage Hill Inc. Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $1 par Retained earnings December 31, 2022 $110,200 402,200 101,200 126,200 134,200 150,800 December 31, 2021 $92,200 354,200 2022 69,200 92,200 119.200 165,800 Prepare a schedule showing a horizontal analysis for 2022, using 2021 as the base year. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%) Round percentages to 1 decimal place, e.g. 12.1%) SAGE HILL INC. Condensed Balance Sheet December 31 2021 Increase or (Decrease) Amount Percentage
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![Here is financial information for Sage Hill Inc.
Current assets
Plant assets (net)
Current liabilities
Long-term liabilities
Common stock, $1 par
Retained earnings
December 31, 2022
$110,200
402,200
101,200
126,200
134,200
150,800
December 31, 2021
$92,200
354,200
2022
69,200
92,200
119.200
165,800
Prepare a schedule showing a horizontal analysis for 2022, using 2021 as the base year. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%)
Round percentages to 1 decimal place, e.g. 12.1%)
SAGE HILL INC.
Condensed Balance Sheet
December 31
2021
Increase or (Decrease)
Amount
Percentage](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd17b9706-e9c9-4374-9367-0a496aa440c1%2F59293b0e-1022-4cbd-b328-a8ac1b097358%2Fkmwr3o_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Here is financial information for Sage Hill Inc.
Current assets
Plant assets (net)
Current liabilities
Long-term liabilities
Common stock, $1 par
Retained earnings
December 31, 2022
$110,200
402,200
101,200
126,200
134,200
150,800
December 31, 2021
$92,200
354,200
2022
69,200
92,200
119.200
165,800
Prepare a schedule showing a horizontal analysis for 2022, using 2021 as the base year. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%)
Round percentages to 1 decimal place, e.g. 12.1%)
SAGE HILL INC.
Condensed Balance Sheet
December 31
2021
Increase or (Decrease)
Amount
Percentage
![Assets
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
Total liabilities and stockholders'
equity
$110,200
402,200
$512,400
$101,200
126,200
134,200
150,800
$92,200
285,000
354,200
$446,400
$227,400 $161,400
$69,200
92,200
119,200
165,800
285,000
$512,400 $446,400
$
$
$
$
%
%
%
%
%
%
%
%
%
%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd17b9706-e9c9-4374-9367-0a496aa440c1%2F59293b0e-1022-4cbd-b328-a8ac1b097358%2Fmxjwhkk_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Assets
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
Total liabilities and stockholders'
equity
$110,200
402,200
$512,400
$101,200
126,200
134,200
150,800
$92,200
285,000
354,200
$446,400
$227,400 $161,400
$69,200
92,200
119,200
165,800
285,000
$512,400 $446,400
$
$
$
$
%
%
%
%
%
%
%
%
%
%
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