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Prepare a horizontal analysis of both the balance sheet and income statement. Complete this question by entering your answers in the tabs below. Analysis Bal Analysis Inc Sheet 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).) ALLENDALE COMPANY Horizontal Analysis of Balance Sheets Year 4 Year 3 % Change Assets Current assets Cash % Marketable securities Accounts receivable (net) Inventories 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 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 Noncurrent liabilities Bonds payable Other $ $ $ $ < Analysis Bal Sheet 40,000 $ 20,000 54,000 135,000 25,000 274,000 27,000 270,000 29,000 600,000 $ 17,000 $ 113,800 21,000 151,800 100,000 32,000 132,000 283,800 80,000 80,000 156,200 316,200 600,000 $ 36,000 6,000 46,000 143,000 10,000 241,000 20,000 255,000 24,000 540,000 6,000 100,000 15,000 121,000 100,000 27,000 127,000 248,000 80,000 80,000 132,000 292,000 540,000 Analysis Inc Stmt > %

Prepare a horizontal analysis of both the balance sheet and income statement. Complete this question by entering your answers in the tabs below. Analysis Bal Analysis Inc Sheet 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).) ALLENDALE COMPANY Horizontal Analysis of Balance Sheets Year 4 Year 3 % Change Assets Current assets Cash % Marketable securities Accounts receivable (net) Inventories 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 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 Noncurrent liabilities Bonds payable Other $ $ $ $ < Analysis Bal Sheet 40,000 $ 20,000 54,000 135,000 25,000 274,000 27,000 270,000 29,000 600,000 $ 17,000 $ 113,800 21,000 151,800 100,000 32,000 132,000 283,800 80,000 80,000 156,200 316,200 600,000 $ 36,000 6,000 46,000 143,000 10,000 241,000 20,000 255,000 24,000 540,000 6,000 100,000 15,000 121,000 100,000 27,000 127,000 248,000 80,000 80,000 132,000 292,000 540,000 Analysis Inc Stmt > %

College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter24: Analysis Of Financial Statements
Section: Chapter Questions
Problem 9SPB
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Prepare a horizontal analysis of both the balance sheet and income statement. Complete this question by entering your answers in the tabs below. Analysis Bal Analysis Inc Sheet 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).) ALLENDALE COMPANY Horizontal Analysis of Balance Sheets Year 4 Year 3 % Change Assets Current assets Cash % Marketable securities Accounts receivable (net) Inventories 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 46,000 135,000 143,000 25,000 10,000 274,000 241,000 27,000 20,000 270,000 255,000 29,000 24,000 600,000 $ 540,000 17,000 $ 6,000 113,800 100,000 21,000 15,000 151,800 121,000 100,000 100,000 32,000 27,000 132,000 127,000 283,800 248,000 80,000 80,000 80,000 80,000 156,200 132,000 316,200 292,000 600,000 $ 540,000 Analysis Inc Stmt > %
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 Bal Analysis Inc Sheet 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).) ALLENDALE COMPANY Horizontal Analysis of Balance Sheets Year 4 Year 3 % Change Assets Current assets Cash % Marketable securities Accounts receivable (net) Inventories 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 46,000 135,000 143,000 25,000 10,000 274,000 241,000 27,000 20,000 270,000 255,000 29,000 24,000 600,000 $ 540,000 17,000 $ 6,000 113,800 100,000 21,000 15,000 151,800 121,000 100,000 100,000 32,000 27,000 132,000 127,000 283,800 248,000 80,000 80,000 80,000 80,000 156,200 132,000 316,200 292,000 600,000 $ 540,000 Analysis Inc Stmt > %
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