Prepare a horizontal analysis

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


20X1

20X2

Current Assets

$86,000

$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

153,000

160,000

Stockholders' Equity

16,200

12,000

Net Sales

500,000

500,000

Cost of Goods Sold

322,500

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: EM132036381

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