79% coE] Wed 4:47 PM a @)E bn khúc: Khi Minh Yeu/h X CH 13: Homework ttps://coas

Question

79% coE] Wed 4:47 PM a @)E bn khúc: Khi Minh Yeu/h X CH 13: Homework ttps://coastdistrict.instructure.com/courses/420.Q C Home- Bb integrated Chines. Question 1 Here is financial information for Teal Mountain Inc. December 31, 2017 December 31,2016 Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $1 par Retained earnings $108,800 404,400 103,400 124,800 132,800 152,200 94,400 352,800 67,800 94,400 117,800 167,200 Prepare a schedule showing a horizontal analysis for 2017,using 2016 as the base year. (lf amount and percentage are a decrease show, the numbers as negative, eg-55,000, 20% or (55,000. (20%. Round percentages to 1 decimal place, eg 12.1%) TEAL MOUNTAIN INC Condensed Balance Sheet December 31 Increase or (Decrease) 2017 2016 Amount Current Assets 108,800 94,400 404,400 352,800 Plant assets (net) Total assets 513,200 447,200

Explanation / Answer

assets 2017 2016 amount percentage working current assets 108,800 94,400 14,400 15.3% (14,400/94,400*100)=>15.3% plant assets 404,400 352,800 51,600 14.6% (51600/352800*100)=>14.6% Total assets 513,200 447,200 66,000 14.8% (66,000/447,200*100)=>14.8% liabilities current liablilities 103,400 67,800 35,600 52.5% (35,600/67,800*100)=>52.5% long term liabilities 124,800 94,400 30,400 32.2% (30,400/94,400*100)=>32.2% Total liabilities 228,200 162,200 66,000 40.7% (66,000/162,200*100)=>40.7% stockholder's equity common stock 132,800 117,800 15,000 12.7% (15,000/117,800)=>12.7% retained earnings 152,200 167,200 -15,000 -9.0% (-15,000/167,200*100)=>-9.0% Total stockholders' equity 285,000 285,000 o 0% (0/285,000*100)=>0% total liabilities and stockholder's equity 513,200 447,200 66,000 14.8% (66,000/447,200*100)=>14.8%

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