Exercise 18-3 The comparative condensed balance sheets of Gurley Corporation are

Question

Exercise 18-3 The comparative condensed balance sheets of Gurley Corporation are presented below GURLEY CORPORATION 2016 ts by Study Assets 74,000 $80,000 99,00090,000 27,000 40,000 $200,000 $210,000 Current assets Property, plant, and equipment (net) Total assets Llabilities and stockholders' equity 42,000 48,000 43,000 150,000 5,000 12,000 200,000$210,000 Current lablities Long-term liabilities Total lablities and stockholders equity hat ontai analysis of the balance sheet data for Guney Corporation using 2016 as a base. (Enter negative amounts and percent Prepare a negative sign preceding the number e.g.-45,-45% or parentheses eg, (45), (45%). Round percentages to 1 2000-20120tn.nter Sots. Inc. All Righes erved. A Divwon or 2gm wley &Soos.Inc.; 3 8 ncommand

Explanation / Answer

Note: For Solution of 18-8 , please post the seprate .

GURLEY CORPORATION HORIZENTAL ANALYSIS 2017 (A) 2016 (B) Increase (Decrease)(C') % changes from (2016) Remarks Assets Current Assets $           74,000 $           80,000 $              -6,000 -7.50% (C / B) X 100 Property, plant & Equipment $           99,000 $           90,000 $                9,000 10.00% (C / B) X 100 Intangibles $           27,000 $           40,000 $            -13,000 -32.50% (C / B) X 100 Total Assets $       2,00,000 $       2,10,000 $            -10,000 -4.76% (C / B) X 100 Liabilities and Equities Current Liabilities $           42,000 $           48,000 $              -6,000 -12.50% (C / B) X 100 Long Term Liabilities $       1,43,000 $       1,50,000 $              -7,000 -4.67% (C / B) X 100 Stochholders Equity $           15,000 $           12,000 $                3,000 25.00% (C / B) X 100 Total Liability and Equity $       2,00,000 $       2,10,000 $            -10,000 -4.76% (C / B) X 100 GURLEY CORPORATION VERTICAL ANALYSIS HORIZENTAL ANALYSIS FOR THE YEAR 2017 AMOUNT PERCENTAGE Assets Current Assets $           74,000 37.0% Property, plant & Equipment $           99,000 49.5% Intangibles $           27,000 13.5% Total Assets $       2,00,000 100.0% Liabilities and Equities Current Liabilities $           42,000 21.0% Long Term Liabilities $       1,43,000 71.5% Stochholders Equity $           15,000 7.5% Total Liability and Equity $       2,00,000 100.0%

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