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Problem 13-17A (Algo) Horizontal analysis LO 13-1 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 MUNOZ COMPANY Horizontal Analysis of Balance Sheets Year 4 Prepaid items Total current assets Investments Plant (net) Land Total long-term assets 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; 7,300 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 $ 17,100 $ 20,600 55,000 13,700 6,500 46,400 144,800 10,800 222,200 21,900 255,400 25,300 302,600 $582,900 $ 524,800 135,700 26,800 255,200 27,200 270,800 29,700 327,700 $ 16,100 $ 113,700 19,400 149,200 99,000 31,900 130,900 280,100 Year 3 73,000 5,000 99,100 14,000 118,100 99,000 26,000 125,000 243,100 73,000 73,000 73,000 156,800 135,700 302,800 281,700 $ 582,900 $ 524,800 % Change Analysis Inc Stmt > % %

Problem 13-17A (Algo) Horizontal analysis LO 13-1 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 MUNOZ COMPANY Horizontal Analysis of Balance Sheets Year 4 Prepaid items Total current assets Investments Plant (net) Land Total long-term assets 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; 7,300 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 $ 17,100 $ 20,600 55,000 13,700 6,500 46,400 144,800 10,800 222,200 21,900 255,400 25,300 302,600 $582,900 $ 524,800 135,700 26,800 255,200 27,200 270,800 29,700 327,700 $ 16,100 $ 113,700 19,400 149,200 99,000 31,900 130,900 280,100 Year 3 73,000 5,000 99,100 14,000 118,100 99,000 26,000 125,000 243,100 73,000 73,000 73,000 156,800 135,700 302,800 281,700 $ 582,900 $ 524,800 % Change Analysis Inc Stmt > % %

FINANCIAL ACCOUNTING
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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Problem 13-17A (Algo) Horizontal analysis LO 13-1 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 MUNOZ COMPANY Horizontal Analysis of Balance Sheets Year 4 Prepaid items Total current assets Investments Plant (net) Land Total long-term assets 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; 7,300 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 $ 17,100 $ 20,600 55,000 13,700 6,500 46,400 144,800 10,800 222,200 21,900 255,400 25,300 302,600 $582,900 $ 524,800 135,700 26,800 255,200 27,200 270,800 29,700 327,700 $ 16,100 $ 113,700 19,400 149,200 99,000 31,900 130,900 280,100 Year 3 73,000 5,000 99,100 14,000 118,100 99,000 26,000 125,000 243,100 73,000 73,000 73,000 156,800 135,700 302,800 281,700 $ 582,900 $ 524,800 % Change Analysis Inc Stmt > % %
Transcribed Image Text:Problem 13-17A (Algo) Horizontal analysis LO 13-1 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 MUNOZ COMPANY Horizontal Analysis of Balance Sheets Year 4 Prepaid items Total current assets Investments Plant (net) Land Total long-term assets 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; 7,300 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 $ 17,100 $ 20,600 55,000 13,700 6,500 46,400 144,800 10,800 222,200 21,900 255,400 25,300 302,600 $582,900 $ 524,800 135,700 26,800 255,200 27,200 270,800 29,700 327,700 $ 16,100 $ 113,700 19,400 149,200 99,000 31,900 130,900 280,100 Year 3 73,000 5,000 99,100 14,000 118,100 99,000 26,000 125,000 243,100 73,000 73,000 73,000 156,800 135,700 302,800 281,700 $ 582,900 $ 524,800 % Change Analysis Inc Stmt > % %
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