Exercise 13-3
Here is financial information for Metlock, Inc.
|
December 31, 2017 |
December 31, 2016 |
|||
| Current assets | $110,600 | $ 94,400 | ||
| Plant assets (net) | 404,400 | 354,600 | ||
| Current liabilities | 103,400 | 69,600 | ||
| Long-term liabilities | 126,600 | 94,400 | ||
| Common stock, $1 par | 134,600 | 119,600 | ||
| Retained earnings | 150,400 | 165,400 |
Prepare a schedule showing a horizontal analysis for 2017, using
2016 as the base year. (If amount and percentage are a
decrease show the numbers as negative, e.g. -55,000, -20% or
(55,000), (20%). Round percentages to 1 decimal place, e.g.
12.1%.)
