December 31, 2015 December 31, 2014 KURZEN INC. Condensed Balance Sheets Decembe
ID: 2427259 • Letter: D
Question
December 31, 2015
December 31, 2014
KURZEN INC.
Condensed Balance Sheets
December 31
Increase or (Decrease)
2015
2014
Amount
Percentage
Assets
Current Assets
$122,220
$101,660
Plant Assets (net)
394,540
328,640
Total assets
$516,760
$430,300
Liabilities
Current Liabilities
$89,540
$72,070
Long-term Liabilities
129,380
86,360
Total liabilities
218,920
158,430
Stockholders' Equity
Common Stock, $1 par
166,650
116,400
Retained Earnings
131,190
155,470
Total stockholders' equity
297,840
271,870
Total liabilities and stockholders' equity
$516,760
$430,300
Financial information for Kurzen Inc. is presented below.December 31, 2015
December 31, 2014
Current assets $122,220 $101,660 Plant assets (net) 394,540 328,640 Current liabilities 89,540 72,070 Long-term liabilities 129,380 86,360 Common stock, $1 par 166,650 116,400 Retained earnings 131,190 155,470Prepare a schedule showing a horizontal analysis for 2015 using 2014 as the base year. (Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (45%). Round percentages to 1 decimal place, e.g. 12.3%.)
KURZEN INC.
Condensed Balance Sheets
December 31
Increase or (Decrease)
2015
2014
Amount
Percentage
Assets
Current Assets
$122,220
$101,660
$
%
Plant Assets (net)
394,540
328,640
%
Total assets
$516,760
$430,300
$
%
Liabilities
Current Liabilities
$89,540
$72,070
$
%
Long-term Liabilities
129,380
86,360
%
Total liabilities
218,920
158,430
%
Stockholders' Equity
Common Stock, $1 par
166,650
116,400
%
Retained Earnings
131,190
155,470
%
Total stockholders' equity
297,840
271,870
%
Total liabilities and stockholders' equity
$516,760
$430,300
$
%
Explanation / Answer
Kurzen Inc
Condensed balance sheet
2015 2014 Amount Percentage Assets Current Assets 122220 101660 20560 16.82% Plant Assets 394540 328640 65900 16.70 Total assets 516760 430300 86460 16.73% Liabilities Current liabilities 89540 72070 17470 19.51% Long-term liabilities 129380 86360 43020 33.25% Total liabilities 218920 158430 60490 27.63% Stockholder's equity Common stock,$1 166650 116400 50250 30.15% Retained earnings 131190 155470 (24280) (18.50%) Total stockholder's equity 297840 271870 25970 8.72% Total liabilities and stockholder's equity 516760 430300 86460 16.73%Related Questions
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