Selected financial information for Parker Corporation is presented below. Decemb

Q: Selected financial information for Parker Corporation is presented below. Decemb

Answer Dec 31, 2017 (A) Dec 31, 2016 (B) Increase (Decrease) – (C=A-B) % change (C/B) Current Assets $55000 $40000 $15000 37.5% Long Term Liabilities $90000 $80000 $10000 12.5% Retained earnings $125000 $100000 $25000 25.0% Dec 31, 2017 (A) Dec 31, 2016 (B) Increase (Decrease) – (C=A-B) % change (C/B) Current Assets $55000 $40000 $15000 37.5% Long Term Liabilities $90000 $80000 $10000 12.5% Retained earnings $125000 $100000 $25000 25.0%

ID: 2539215 • Letter: S

Question

Selected financial information for Parker Corporation is presented below.

December 31, 2017 December 31, 2016

Current assets $ 55,000 $ 40,000

Long-term liabilities 90,000 80,000

Retained earnings 125,000 100,000

Instructions

Prepare a schedule showing a horizontal analysis for 2017 using 2016 as the base year. **Show all work to receive full credit if applicable**

Path: p

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Path: p

Words:0

Mashups

Explanation / Answer

Answer

Dec 31, 2017 (A)

Dec 31, 2016 (B)

Increase (Decrease) – (C=A-B)

% change (C/B)

Current Assets

$55000

$40000

$15000

37.5%

Long Term Liabilities

$90000

$80000

$10000

12.5%

Retained earnings

$125000

$100000

$25000

25.0%