Prepare a horizontal analysis of the balance sheet and explain the analysis made. Balance Sheet20192020AssetsCash & Short Investments77,021,00078,903,000Accounts Receivable68,109,00076,220,000Inventories77,120,00072,056,000Other Current Assets26,107,00027,332,000TOTAL CURRENT ASSETS248,357,000254,511,000Net Property, Plant & Equipment137,332,000143,689,000Total Investments and Advances646,648,000684,877,00030,824,00025,290,000Long-Term Note Receivable51,816,000Intangible Assets24,589,000Other Assets52,593,00060,370,000TOTAL LONG-TERM ASSETS892,687,000965,341,000TOTAL ASSETS1,141,044,0001,219,852,000Liabilities49,322,00085,997,0003,274,00058,126,000196,719,000354,959,0006,483,000ST Debt &Current Portion LT Debt86,259,000Accounts PayableIncome Tax Payable82,599,0002,649,000Other Current Liabilities68,449,000TOTAL CURRENT LIABILITIES239,957,000Long-Term Debt359,600,000Deferred Taxes7,943,000Other Liabilities46,732,00047,624,000TOTAL LIABILITIES604,893,000655,124,000EquityShareholder's Equity382,627,000403,833,000Accumulated Minority Interest153,524,000160,895,000TOTAL EQUITY536,151,0001,141,044,000564,728,000TOTAL LIABILITIES & SHAREHOLDERS' EQUITY1,219,852,000

Balance sheet shows the assets and liabilities of the company and finally, overall financial…

Answered: Prepare a horizontal analysis of the…

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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Prepare a horizontal analysis of the balance sheet and explain the analysis made.

Balance Sheet
2019
2020
Assets
Cash & Short Investments
77,021,000
78,903,000
Accounts Receivable
68,109,000
76,220,000
Inventories
77,120,000
72,056,000
Other Current Assets
26,107,000
27,332,000
TOTAL CURRENT ASSETS
248,357,000
254,511,000
Net Property, Plant & Equipment
137,332,000
143,689,000
Total Investments and Advances
646,648,000
684,877,000
30,824,000
25,290,000
Long-Term Note Receivable
51,816,000
Intangible Assets
24,589,000
Other Assets
52,593,000
60,370,000
TOTAL LONG-TERM ASSETS
892,687,000
965,341,000
TOTAL ASSETS
1,141,044,000
1,219,852,000
Liabilities
49,322,000
85,997,000
3,274,000
58,126,000
196,719,000
354,959,000
6,483,000
ST Debt &Current Portion LT Debt
86,259,000
Accounts Payable
Income Tax Payable
82,599,000
2,649,000
Other Current Liabilities
68,449,000
TOTAL CURRENT LIABILITIES
239,957,000
Long-Term Debt
359,600,000
Deferred Taxes
7,943,000
Other Liabilities
46,732,000
47,624,000
TOTAL LIABILITIES
604,893,000
655,124,000
Equity
Shareholder's Equity
382,627,000
403,833,000
Accumulated Minority Interest
153,524,000
160,895,000
TOTAL EQUITY
536,151,000
1,141,044,000
564,728,000
TOTAL LIABILITIES & SHAREHOLDERS' EQUITY
1,219,852,000

Definition Definition Financial statement that provides a snapshot of an organization's financial position at a specific point in time. It summarizes a company's assets, liabilities, and shareholder's equity, detailing what the company owns, what it owes, and what is left over for its owners. The balance sheet serves as a crucial tool to assess the financial health and stability of a company, as well as to help management make informed decisions about its future investments and financial obligations.

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