atio Analysis Projec cember 31, 2012 Ex. 198 The comparative condensed balance s

Question

atio Analysis Projec cember 31, 2012 Ex. 198 The comparative condensed balance sheets of Baker Corpora BAKER CORPORATION Comparative Condensed Balance Sheets December 31 2012 2013 Assets Current assets Property, plant, and equipment (net) Intangibles 80,000 90,000 40,000 $210,000 70,000 94,500 Total assets $198.000 Liabilities and stockholders' equity $ 48,000 Current liabilities Long-term liabilities Stockholders' equity 40,800 141,000 16,200 150,000 Total liabilities and stockholders' equity Instructions (a) Prepare a horizontal analysis of the balance sheet data for Baker Corporation using 2012 as a base. (b) Prepare a vertical analysis of the balance sheet data for Baker Corporation in columnar form for 2013. Ex. 199 The comparative condensed income statements of Marks Corporation are shown belovw MARKS CORPORATION Comparative Condensed Income Statements For the Years Ended December 31 013 $620,000 450,000 170,000 201 Net sales Cost of goods sold Gross profit Operating expenses Net income $500,000 100,000 54,000 40,000 ?

Explanation / Answer

Baker Corporation For the Year Ended December 31st,2013 Horizontal Analysis of Balance Statement (A) (B) (A-B)/B December 31,2013 December 31,2012 Assets Cuurent Assets $                   70,000.00 $                 80,000.00 -12.5% Property,Plant & Equipment $                   94,500.00 $                 90,000.00 5.0% Intangibles $                   33,500.00 $                 40,000.00 -16.3% Total Assets $               1,98,000.00 $             2,10,000.00 -5.7% Liabilities & Stockholder's Equity Current Liabilities $                   40,800.00 $                 48,000.00 -15.0% Long term liabilities $               1,41,000.00 $             1,50,000.00 -6.0% Stockholder's Equity $                   16,200.00 $                 12,000.00 35.0% Total Liabilities & Stockholder's Equity $               1,98,000.00 $             2,10,000.00 -5.7% Baker Corporation For the Year Ended December 31st,2013 Vertical Analysis (A) (B) December 31,2013 December 31,2012 December 31st 2013 Working Assets Cuurent Assets $                   70,000.00 $                 80,000.00 35.4% ($70000/$198000) Property,Plant & Equipment $                   94,500.00 $                 90,000.00 47.7% ($94500/198000) Intangibles $                   33,500.00 $                 40,000.00 16.9% ($33500/$198000) Total Assets $               1,98,000.00 $             2,10,000.00 100.0% ($198000/198000) Liabilities & Stockholder's Equity Current Liabilities $                   40,800.00 $                 48,000.00 20.6% ($40800/$198000) Long term liabilities $               1,41,000.00 $             1,50,000.00 71.2% ($141000/198000) Stockholder's Equity $                   16,200.00 $                 12,000.00 8.2% ($16200/$198000) Total Liabilities & Stockholder's Equity $               1,98,000.00 $             2,10,000.00 100.0% ($198000/198000)

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