Prepare a horizontal analysis

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Reference no: EM13197739

Horizontal analysis. Mary Lynn Corporation has been operating for several years. Selected data from the 20X1 and 20X2 financial statements follow.

20X2		20X1
Current Assets	$ 76,000		$ 80,000
Property, Plant, and Equipment (net)	99,000		90,000
Intangibles	25,000		50,000
Current Liabilities	40,800		48,000
Long-Term Liabilities	143,000		160,000
Stockholders' Equity	16,200		12,000
Net Sales	500,000		500,000
Cost of Goods Sold	332,500		350,000
Operating Expenses	93,500		85,000

Prepare a horizontal analysis for 20X1 and 20X2. Briefly comment on the results of your work

Reference no: EM13197739

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