Managerial Accounting, Binder Ready Version: Tools for Business Decision Making
7th Edition
ISBN: 9781118338421
Author: Weygandt, Jerry J.; Kimmel, Paul D.; Kieso, Donald E.
Publisher: WILEY
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Textbook Question
Chapter 14, Problem 14.3E
The comparative condensed balance sheets of Gurley Corporation are presented on page 638.
GURLEY CORPORATION
Comparative Condensed Balance Sheets
December 31
| 2017 | 2016 | |
| Assets | ||
| Current assets | $ 74,000 | $ 80,000 |
| Property, plant, and equipment (net) | 99,000 | 90,000 |
| Intangibles | 27,000 | 40,000 |
| Total assets | $200,000 | $210,000 |
| Liabilities and |
||
| Current liabilities | $ 42,000 | $ 48,000 |
| Long-term liabilities | 143,000 | 150,000 |
| Stockholders' equity | 15,000 | 12,000 |
| Total liabilities and stockholders' equity | $200,000 | $210,000 |
Instructions
(a) Prepare a horizontal analysis of the
(b) Prepare a vertical analysis of the balance sheet data for Gurley Corporation in columnar form for 2017.
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Chapter 14 Solutions
Managerial Accounting, Binder Ready Version: Tools for Business Decision Making
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