edugen.wileyplus.com Exercise 13-5 Suppose the comparative balance sheets of Sha
ID: 2590802 • Letter: E
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edugen.wileyplus.com Exercise 13-5 Suppose the comparative balance sheets of Shamrock, Inc.. are presented here SHAMROCK, INC. Condensed Balance Sheet May 31 ($ in millions) 2019 2018 Assets Current Assets Property, plant, and equipment (net) Other assets Total assets Liabilities and Stockholders Equity Current Liabilities Long-term liabilities $9,670 $8,740 1,900 1850 1,850 1,590 1,690 $13,160 $12/280 $3,200 $3.320 1,2701,320 8,6907640 $13,160$12,280 Total liabilities and stockholders' equity (a) Prepare a horizontal analysis of the balance sheet data for Shamrock, using 2018 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g.-55,000,-20% or (55,000), (2006). Round percentages to 1 decimal place, e.g. 12.1%.) SHAMROCK,INC.Explanation / Answer
a) Answer:-
Shamrock Inc.
Condensed Balance Sheet
May 31 ($) in millions
Shamrock Inc.,
Condensed Balance Sheet
2019 2018 Increase (Decrease) Percentage change from 2018 ASSETS : Current Assets 9670 8740 930 10.64% Property, Plant & Equipment (Net) 1900 1850 50 2.70% Other Assets 1590 1690 (100) (5.92)% Total Assets 13160 12280 880 7.17? Liabilities & Stockholders Equity :- Current Liabilities 3200 3320 (120) (3.61)% Long Term Liabilities 1270 1320 (50) (3.79)% Stockholders Equity 8690 7640 1050 13.74% Total Liabilities & Stockholders Equity 13160 12280 880 7.17%Related Questions
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