Question

Analysis Bal Sheet Analysis Inc Stmt Prepare a horizontal analysis of the balance sheet. (Negative answers should be indicated by a minus sign. Round your answers to 1 decimal place. (i.e., .234 should be entered as 23.4).) points FINCH COMPANY Horizontal Analysis of Balance Sheets 2019 2018 Percentage Change eBook Print $ $ References Assets Current assets Cash Marketable securities Accounts receivable (net) Inventories Prepaid items Total current assets Investments Plant (net) Land 17,400 20,200 54,200 136,100 26,700 254,800 27,900 270,300 29,500 327,700 582,300 12.400 6.000 47.100 143.800 10.200 220.400 20.400 256.000 25.500 301.900 522.300 $ $ $ Total long-term assets Total assets Liabilities and Stockholders' Equity Liabilities Current liabilities Notes payable Accounts payable Salaries payable Total current liabilities Noncurrent liabilities Bonds payable Other Total noncurrent liabilities Total liabilities Stockholders' equity 16,800 113,700 20,500 151,000 5.100 99.000 14.300 118.400 98,500 31,200 129,700 280,700 98.500 25.100 123,600 242.000 83,000 63.000 Preferred stock (par value $10,4% cumulative, nonparticipating: 6,300 shares authorized and issued) Common stock (no par. 50.000 shares authorized; 10,000 shares issued) Retained earnings Total stockholders' equity Total liabilities & stockholders' equity 83,000 175,600 301,600 582,300 63.000 154.300 280,300 522,300 $ $ % < Analysis Bal Sheet Analysis Inc Stmt >

Answer 1

FINCH COMPANY
Horizontal Analysis of Balance Sheet
	2019	2018	Percentage change
Assets
Current assets
Cash	17400	12400	40.3%
Marketable securities	20200	6900	192.8%
Accounts receivables (net)	54200	47100	15.1%
Inventories	136100	143800	-5.4%
Prepaid items	26700	10200	161.8%
Total current assets	254600	220400	15.5%
Investments	27900	20400	36.8%
Plant (net)	270300	256000	5.6%
Land	29500	25500	15.7%
Total long-term assets	327700	301900	8.5%
Total assets	582300	522300	11.5%
Liabilities and stockholders' equity
Liabilities
Current liabilities
Notes payable	16800	5100	229.4%
Accounts payable	113700	99000	14.8%
Salaries payable	20500	14300	43.4%
Total current liabilties	151000	118400	27.5%
Noncurrent liabilities
Bonds payables	98500	98500	0.0%
Other	31200	25100	24.3%
Total noncurrent liabilities	129700	123600	4.9%
Total liabilities	280700	242000	16.0%
Stockholders' equity
Preferred stock (par value $10, 4% cumulative, nonparticipating; 6,300 shares authorized and issued)	63000	63000	0.0%
Common stock (no par: 50000 shares authorized; 10000 shares issued)	63000	63000	0.0%
Retained earnings	175600	154300	13.8%
Total stockholders' equity	301600	280300	7.6%
Total liabilties and stockholders' equity	582300	522300	11.5%

FINCH COMPANY
Horizontal Analysis of income statements
	2019	2018	Percentage change
Revenues
Sales (net)	231100	211900	9.1%
Other revenues	9200	6400	43.8%
Total revenues	240300	218300	10.1%
Expenses
Cost of goods sold	118700	101700	16.7%
Selling, general and administrative expenses	54000	49500	9.1%
Interest expense	7500	6700	11.9%
Income tax expense	21900	20900	4.8%
Total expenses	202100	178800	13.0%
Net income (loss)	38200	39500	-3.3%