***Please input the answer as I would have to answer. The comparative condensed
ID: 2427209 • Letter: #
Question
***Please input the answer as I would have to answer.
The comparative condensed balance sheets of Gurley Corporation are presented k Prepare a horizontal analysis of the balance sheet data for Gurley Corporation using 2016 as a base.(Enter negative amounts and percentages using either a negative sign preceding the number e.g.-45, -45% or parenthese e.g.(45), (45%). Round percentage to 1 decimal place, e.g 12.3%.) Prepare a vertical analysis of the balance sheet data for Gurley Corporation in columnar form for 2017.(Round percentage to 1 decimal places, e.g 12.3%.)Explanation / Answer
Gurley corporation condensed balance sheet De 31 2017 2017 2016 Increase/Decrease % Change from 2016 Assets Current Assets 74500 81600 -7100 -8.700980392 Propert,plant and equipment(net) 97500 91000 6500 7.142857143 Intangibles 28200 39000 -10800 -27.69230769 Total assets 200200 211600 -11400 -5.387523629 Liabilities and Shareholder's equity Current liabilities 41800 47400 -5600 -11.81434599 Long term liabilities 141800 151200 -9400 -6.216931217 Shareholder's equity 16600 13000 3600 27.69230769 Total liabilities and shareholder's equity 200200 211600 -11400 -5.387523629 Gurley corporation condensed balance sheet Assets 2017 2016 Increase/Decrease % Change from 2016 Current Assets Propert,plant and equipment(net) 74500 81600 -7100 -8.700980392 Intangibles 97500 91000 6500 7.142857143 Total assets 28200 39000 -10800 -27.69230769 200200 211600 -11400 -5.387523629 Liabilities and Shareholder's equity Current liabilities 41800 47400 -5600 -11.81434599 Long term liabilities 141800 151200 -9400 -6.216931217 Shareholder's equity 16600 13000 3600 27.69230769 Total liabilities and shareholder's equity 200200 211600 -11400 -5.387523629
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