Prepare a horizontal analysis by computing the amounts

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Reference no: EM13490590

1. Prepare a horizontal analysis by computing the amounts and percentage changes for the following balance sheet items; place your answers in the blanks provided.

20x6 20x5 Amount Percentage

Assets

Current assets $ 6,500 $ 5,000 1500 30

Property, plant, and equipment 22,000 25,000 (3000) 10

Total assets $28,500 $30,000 (2000) 6.6

Liabilities and Stockholders'' Equity

Liabilities $ 5,500 $10,000 (4500) 45

Stockholders'' equity 23,000 20,000 3000 15

Total liabilities and stockholders'' equity $28,500 $30,000 (1500) 5

Reference no: EM13490590

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