Exercise 13-3 Here is financial information for Windsor, Inc. December December

Question

Exercise 13-3 Here is financial information for Windsor, Inc. December December 31:201731, 2016 108,800 402,700 101,700 124,800 132,900 152,200 92,700 352,800 67,800 92,700 117,900 167,200 Current assets Plant assets (net) Current Long-term stock, $1 par Prepare a schedule showing a horizontal analysis for 2017, usi ? 2016 as the base year. 12.1%.) 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 WINDSOR, INC. Condensed Balance Sheet 2017 2016 Assets Current Assets Plant assets (net) $108,800 92,700 402,700 352,800 511,500 $44S,500 Total acts Current Liabilites 101,700 $67,800 124,800 92,700 $226,500 $160,500 s Long-term labilites Tota liabiities 132,900 117,800 152,200 167,200 285,000 28S,000 511,500 $445,500 Common stock, $1 par Retained earnings Tctal stockholders equity Tctal liabiities and stockhoiders oquty Click if you would like to Show Work for this questioni Open Show Work

Explanation / Answer

Horizontal analysis :

Increase (decrease) 2017 2016 Amount Percent Assets Current assets 108800 92700 16100 17.4% Plant assets (net) 402700 352800 49900 14.1% Total assets 511500 445500 66000 14.8% Liabilities Current liabilities 101700 67800 33900 50% Long term liabilities 124800 92700 32100 34.6% Total liabilities 226500 160500 66000 41.1% Stockholder's equity Common Stock 132800 117800 15000 12.7% Retained earnings 152200 167200 -15000 -9.0% Total Stockholder's equity 285000 285000 0 0% Total liabilities and stockholder's equity 511500 445500 66000 14.8%

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