Prepare a horizontal analysis of both the balance sheet and income statement. Complete this question by entering your answers in the tabs below. Analysis Analysis Bal Sheet Inc Stmt Prepare a horizontal analysis of the balance sheet. (Negative answers should be indicated by a minus sign. Round your answers to 1 decimal place. (i.e., .234 should be entered as 23.4).) Assets Current assets Cash Marketable securities Accounts receivable (net) Inventories ALLENDALE COMPANY Horizontal Analysis of Balance Sheets Year 4 Prepaid items Total current assets Investments Plant (net) Land Total assets Liabilities and Stockholders' Equity Liabilities Current liabilities Notes payable Accounts payable Salaries payable Total current liabilities Noncurrent liabilities Bonds payable Other Total noncurrent liabilities Total liabilities Stockholders' equity Preferred stock (par value $10, 4% cumulative, nonparticipating; 8,000 shares authorized and issued) Common stock (no par; 50,000 shares authorized; 10,000 shares issued) Retained earnings Total stockholders' equity Total liabilities & stockholders' equity < Analysis Bal Sheet $ 40,000 $ 36,000 20,000 6,000 54,000 135,000 25,000 274,000 241,000 27,000 20,000 270,000 255,000 29,000 24,000 $600,000 $540,000 $ Year 3 100,000 32,000 132,000 283,800 17,000 $ 6,000 113,800 100,000 21,000 15,000 151,800 121,000 80,000 46,000 143,000 10,000 100,000 27,000 127,000 248,000 80,000 80,000 80,000 156,200 132,000 316,200 292,000 $600,000 $540,000 % Change 1.1 % Analysis Inc Stmt > % Show less
Prepare a horizontal analysis of both the balance sheet and income statement. Complete this question by entering your answers in the tabs below. Analysis Analysis Bal Sheet Inc Stmt Prepare a horizontal analysis of the balance sheet. (Negative answers should be indicated by a minus sign. Round your answers to 1 decimal place. (i.e., .234 should be entered as 23.4).) Assets Current assets Cash Marketable securities Accounts receivable (net) Inventories ALLENDALE COMPANY Horizontal Analysis of Balance Sheets Year 4 Prepaid items Total current assets Investments Plant (net) Land Total assets Liabilities and Stockholders' Equity Liabilities Current liabilities Notes payable Accounts payable Salaries payable Total current liabilities Noncurrent liabilities Bonds payable Other Total noncurrent liabilities Total liabilities Stockholders' equity Preferred stock (par value $10, 4% cumulative, nonparticipating; 8,000 shares authorized and issued) Common stock (no par; 50,000 shares authorized; 10,000 shares issued) Retained earnings Total stockholders' equity Total liabilities & stockholders' equity < Analysis Bal Sheet $ 40,000 $ 36,000 20,000 6,000 54,000 135,000 25,000 274,000 241,000 27,000 20,000 270,000 255,000 29,000 24,000 $600,000 $540,000 $ Year 3 100,000 32,000 132,000 283,800 17,000 $ 6,000 113,800 100,000 21,000 15,000 151,800 121,000 80,000 46,000 143,000 10,000 100,000 27,000 127,000 248,000 80,000 80,000 80,000 156,200 132,000 316,200 292,000 $600,000 $540,000 % Change 1.1 % Analysis Inc Stmt > % Show less
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:Prepare a horizontal analysis of both the balance sheet and income statement.
Complete this question by entering your answers in the tabs below.
Analysis Analysis
Bal Sheet Inc Stmt
Prepare a horizontal analysis of the balance sheet. (Negative answers should be indicated by
a minus sign. Round your answers to 1 decimal place. (i.e., .234 should be entered as
23.4).)
Assets
Current assets
Cash
Marketable securities
Accounts receivable (net)
Inventories
ALLENDALE COMPANY
Horizontal Analysis of Balance Sheets
Year 4
Prepaid items
Total current assets
Investments
Plant (net)
Land
Total assets
Liabilities and Stockholders' Equity
Liabilities
Current liabilities
Notes payable
Accounts payable
Salaries payable
Total current liabilities
Noncurrent liabilities
Bonds payable
Other
Total noncurrent liabilities
Total liabilities
Stockholders' equity
Preferred stock (par value $10, 4%
cumulative, nonparticipating; 8,000 shares
authorized and issued)
Common stock (no par; 50,000 shares
authorized; 10,000 shares issued)
Retained earnings
Total stockholders' equity
Total liabilities & stockholders' equity
< Analysis Bal Sheet
$ 40,000 $ 36,000
20,000
6,000
54,000
135,000
25,000
274,000
241,000
27,000
20,000
270,000
255,000
29,000
24,000
$600,000 $540,000
$
Year 3
100,000
32,000
132,000
283,800
17,000 $ 6,000
113,800
100,000
21,000
15,000
151,800
121,000
80,000
46,000
143,000
10,000
100,000
27,000
127,000
248,000
80,000
80,000
80,000
156,200 132,000
316,200 292,000
$600,000 $540,000
% Change
1.1 %
Analysis Inc Stmt >
%
Show less
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