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The
comparative balance sheet of Nathan Company appears below:
NATHAN COMPANY
Comparative Balance Sheet
December 31,
———————————————————————————————————————————
Assets 2015 2014
Current assets …………………………………………………………………………….. $
420 $333
Plant assets ………………………………………………………………………………… 780 567
Total assets ………………………………………………………………………………… $1,200 $900
Liabilities and stockholders’ equity
Current liabilities ………………………………………………………………………….. $
168 $144
Long-term debt …………………………………………………………………………… 300 162
Common stock …………………………………………………………………………… 432 306
Retained earnings ……………………………………………………………………….. 300 288
Total
liabilities and stockholders’ equity …………………………………….. $1,200 $900
Instructions
(a) Using horizontal analysis, show the
percentage change for each balance sheet item using 2014 as a base year.
(b) Using vertical analysis, prepare a common
size comparative balance sheet.
