Prepare a horizontal analysis of the balance sheet data for Able Corporation using 2014 as a base.

Prepare a horizontal analysis of the balance sheet data for Able Corporation using 2014 as a base.

The comparative condensed balance sheets of Able
Corporation are presented below.

ABLE CORPORATION

Comparative
Condensed Balance Sheets

December
31

2015 2014

Assets

Current
assets $ 72,000 $ 80,000

Property,
plant, and equipment (net) 95,400 90,000

Intangibles 33,600 40,000

Total
assets $201,000 $210,000

Liabilities and
stockholders’ equity

Current
liabilities $ 40,320 $ 48,000

Long-term
liabilities 142,500 150,000

Stockholders’
equity 18,180 12,000

Total
liabilities and stockholders’ equity $201,000 $210,000

Instructions

(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.




Price: £ 45

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