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The comparative condensed balance sheets of Able
Corporation are presented below.
Condensed Balance Sheets
assets $ 72,000 $ 80,000
plant, and equipment (net) 95,400 90,000
Intangibles 33,600 40,000
assets $201,000 $210,000
liabilities $ 40,320 $ 48,000
liabilities 142,500 150,000
equity 18,180 12,000
liabilities and stockholders’ equity $201,000 $210,000
(a) Prepare a horizontal analysis of the balance
sheet data for Able Corporation using 2014 as a base.
(b) Prepare a vertical analysis of the balance
sheet data for Able Corporation in columnar form for 2015.