Do It! Review 13-2 Summary financial information for Sheridan Company is as foll

Question

Do It! Review 13-2 Summary financial information for Sheridan Company is as follows Dec. 31, 2017 Dec. 31, 2016 Current assets Plant assets Total assets 211,200 1,393,900 $1,605,100 s 262,700 831,700 $1,094,400 Compute the amount and percentage changes in 2017 using horizontal analysis, assuming 2016 is the base year. (If amount and percentage are a decrease show the numbers as negative, eg,-55,000,-20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.) Current assets Plant assets Total assets Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT

Explanation / Answer

The correct answer is :

Note :

Amount Percent Current Assets -51500 -19.6 % Plant Assets 562200 67.6 % Total Assets 510700 46.7 %

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