Question

Exercise 180 The comparative balance sheet of Nathan Company appears below: 2018 $333 567 NATHAN COMPANY Comparative Balance Sheet December 31, Assets 2019 Current assets $420 Plant assets 780 Total assets $1,200 Liabilities and stockholders' equity Current liabilities $168 Long-term debt 300 Common stock 432 Retained earnings 300 Total liabilities and stockholders' equity $1,200 $900 $144 162 306 288 $900 Using horizontal analysis, show the percentage change for each balance sheet item using 2018 as a base year. (Ro NATHAN COMPANY Comparative Balance Sheet December 31 2019 2018 $420 $333 Assets Percentage change Current assets Plant assets 780 567 Total assets $1,200 $900 Liabilities and stockholders' equity Current liabilities $168 $144 on 8 W E R T Y U

Answer 1

2018 % Change 333 NATHAN COMPANY Comparative Balance Sheet December 31 2019 Assets Current assets 420 $ Plant assets 780 $ Total assets 1,200 $ Liabilities and stockholders' equity Current liabilities Long-term debt 300 $ Common stock 432 $ Retained earnings 300 $ Total liabilities and stockholders' equity 1,200 $ 567 900 26.1% 37.6% 33.3% 168 306 288 900 16.7% 85.2% 41.2% 4.2% 33.3%