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Here is financial information for Pauletti Inc.
December 31, 2012
December 31, 2011
Current assets
$106,000
$ 90,000
Plant assets (net)
400,000
350,000
Current liabilities
99,000
65,000
Long-term liabilities
122,000
90,000
Common stock, $1 par
130,000
115,000
Retained earnings
155,000
170,000
Instructions
Prepare a schedule showing a horizontal analysis for 2012, using 2011 as the base year.
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