December 31 27,120 39,860 $200,510 $210,310 14,620 12,070 $200,510 $210,310 Dece

Question

December 31

27,120

39,860

$200,510

$210,310

14,620

12,070

$200,510

$210,310

December 31

2012

2011

Increase
(Decrease)

Percentage Change
from 2011

$

$

$

$

$

$

December 31, 2012

Amount

Percentage

%

$

%

%

$

%

The comparative condensed balance sheets of Conard Corporation are presented below. CONARD CORPORATION Comparative Condensed Balance Sheets

December 31

2012 2011 Assets      Current assets $ 74,260 $ 80,250      Property, plant, and equipment (net) 99,130 90,200      Intangibles

27,120

39,860

        Total assets

$200,510

$210,310

Liabilities and stockholders' equity      Current liabilities $ 41,670 $ 47,510      Long-term liabilities 144,220 150,730      Stockholders' equity

14,620

12,070

        Total liabilities and stockholders' equity

$200,510

$210,310

Explanation / Answer

Horizontal analysis of balance sheet for conard corporation using 2011 as a base. Assets: Increase Decrease Percentae change from 2011 Current assets   ($5,990) 7.46% Property, Plant&equipment $8,930   9.90% Intangibles   ($12,740) 31.96% Total assets   ($9,800) 4.65% Liablilities & stockholders' equity:     Current liabilities   ($5,480) 12.29% Long-term liabilities   ($6,510) 4.32% Stockholders' equity $2,550 21.12% Total liabilities & Stockholders' equity   ($9,800) 4.65% Vertical analysis of balance sheet for conard corporation for 2012:      Assets: Amount Percentage Current assets $74,260 37% Property, Plant&equipment $99,130 49% Intangibles $27,120 14% Total assets $200,510 100% Liablilities & stockholders' equity:     Current liabilities $41,670 21% Long-term liabilities $144,220 72% Stockholders' equity $14,620 7% Total liabilities & Stockholders' equity $200,510 100%                                                                Assets: Increase Decrease Percentae change from 2011 Current assets   ($5,990) 7.46% Property, Plant&equipment $8,930   9.90% Intangibles   ($12,740) 31.96% Total assets   ($9,800) 4.65% Liablilities & stockholders' equity:     Current liabilities   ($5,480) 12.29% Long-term liabilities   ($6,510) 4.32% Stockholders' equity $2,550 21.12% Total liabilities & Stockholders' equity   ($9,800) 4.65%

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