* Question 1 Here is financial information for Tamarisk, Inc.. December 31, 2019

Question

* Question 1 Here is financial information for Tamarisk, Inc.. December 31, 2019 $105,210 432,024 91,636 135,598 117,495 192,505 December 31, 2018 $ 90,000 376,000 62,000 94,000 105,000 205,000 Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $1 par Retained earnings Prepare a schedule showing a horizontal analysis for 2019, using 2018 as the ba decrease show the numbers as negative, eg,-55,000,-20% or (55,000 place, e.g. 12.1%.) TAMARISK, INC Condensed Balance Sheet December 31

Explanation / Answer

Dear Student,

Schedule showing horizontal Analysis:

Regards,

Increase or Decrease 2019 ($) 2018 ($) Amount Percentage[ Amount/2018%] Assets Current Assets 105,210 90,000 15,210 16.9 Plant assets (net) 432,024 376,000 56,024 14.9 Total Assets 537,234 466,000 71,234 15.3 Liabilities Current Liabilities 91,636 62,000 29,636 47.8 Long term Liabilities 135,598 94,000 41,598 44.3     Total Liabilities 227,234 156,000 71,234 45.7 Stockholders' Equity Common Stock ,$ 1 par 117,495 105,000 12,495 11.9 Retained earnings 192,505 205,000 -12,495 -6.1     Total Stockholders' equity 310,000 310,000 0 0.0     Total Liabilities and Stockholders' equity 537,234 466,000 71,234 15.3

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