Here is financial information for Glitter Inc.
December 31, 2020 |
December 31, 2019 |
|||
Current assets | $123,400 | $100,000 | ||
Plant assets (net) | 394,350 | 330,000 | ||
Current liabilities | 86,328 | 72,000 | ||
Long-term liabilities | 133,280 | 85,000 | ||
Common stock, $1 par | 166,440 | 120,000 | ||
Retained earnings | 131,702 | 153,000 |
Prepare a schedule showing a horizontal analysis for 2020, using 2019 as the base year. (Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (45%). Round percentages to 1 decimal place, e.g. 12.3%.)
GLITTER INC. |
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Increase or (Decrease) |
||||||||||
2020 |
2019 |
Amount |
Percentage |
|||||||
Assets |
||||||||||
Current assets |
$123,400 |
$100,000 |
$ | % | ||||||
Plant assets (net) |
394,350 | 330,000 | % | |||||||
Total assets |
$517,750 | $430,000 | $ | % | ||||||
Liabilities |
||||||||||
Current liabilities |
$86,328 |
$72,000 |
$ | % | ||||||
Long-term liabilities |
133,280 | 85,000 | % | |||||||
Total liabilities |
219,608 | 157,000 | % | |||||||
Stockholders' Equity |
||||||||||
Common stock, $1 par |
166,440 |
120,000 |
% | |||||||
Retained earnings |
131,702 | 153,000 | % | |||||||
Total stockholders' equity |
298,142 | 273,000 | % | |||||||
Total liabilities and stockholders' equity |
$517,750 | $430,000 | $ | % |
GLITTER INC. |
||||||||||
Increase or (Decrease) |
||||||||||
2020 A |
2019 B |
Amount C=A-B |
Percentage C/B*100 |
|||||||
Assets |
||||||||||
Current assets |
$123,400 |
$100,000 |
23400 |
23.4% | ||||||
Plant assets (net)87750 |
394,350 | 330,000 |
64350 |
19.5% | ||||||
Total assets |
$517,750 | $430,000 | 87750 | 20.4% | ||||||
Liabilities |
||||||||||
Current liabilities |
$86,328 |
$72,000 |
14328 |
19.9% | ||||||
Long-term liabilities |
133,280 | 85,000 |
48280 |
56.8% | ||||||
Total liabilities |
219,608 | 157,000 |
62608 |
39.9% | ||||||
Stockholders' Equity |
||||||||||
Common stock, $1 par |
166,440 |
120,000 |
46440 |
38.7% | ||||||
Retained earnings |
131,702 | 153,000 |
(21298) |
(13.9%) | ||||||
Total stockholders' equity |
298,142 | 273,000 |
25142 |
9.2% | ||||||
Total liabilities and stockholders' equity |
$517,750 | $430,000 | 87750 | 20.4% |
Here is financial information for Glitter Inc. December 31, 2020 December 31, 2019 Current assets $123,400...
Question 1 Here is financial information for Glitter Inc. December 31, 2020 December 31, 2019 Current assets $124,600 $100,000 Plant assets (net) 395,010 330,000 Current liabilities 88,111 73,000 Long-term liabilities 135,198 87,000 Common stock, $1 par 166,838 119,000 Retained earnings 129,463 151,000 Prepare a schedule showing a horizontal analysis for 2020, using 2019 as the base year. (Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (45%). Round percentages...
Exercise 18-03 (Video) Here is financial information for Glitter Inc. December 31, 2020 December 31, 2019 Current assets $124,200 $100,000 Plant assets (net) 394,630 335,000 Current liabilities 88,416 72,000 Long-term liabilities 131,924 86,000 Common stock, $1 par 165,945 115,000 Retained earnings 132,545 162,000 Prepare a schedule showing a horizontal analysis for 2020, using 2019 as the base year. (Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (45%). Round...
Here is financial information for Glitter Inc. December 31, 2020 December 31, 2019 Current assets $122,400 $100,000 Plant assets (net) 394,362 327,000 Current liabilities 86,325 75,000 Long-term liabilities 133,672 88,000 Common stock, $1 par 166,374 117,000 Retained earnings 130,391 147,000 Prepare a schedule showing a horizontal analysis for 2020, using 2019 as the base year. (Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (45%). Round percentages to 1...
Here is financial information for Glitter Inc. December 31, 2020 December 31, 2019 $100,000 $122,600 394,350 Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock. $1 par Retained earnings 85,968 133.902 330,000 72.000 86,000 110.000 162.000 166,210 130.870 Prepare a schedule showing a horizontal analysis for 2020. using 2019 as the base year. decimal place. eg 12.3%) GLITTER INC. Condensed Balance Sheets December 31 2020 2019 Amount Assets Current assets Plant assets (net) $122.600 $100.000 394550330 000 $18.950...
Exercise 18-03 (Video) Here financial information for Glitter Inc. December 31, 2019 Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $1 par Retained earnings December 31, 2020 $124,400 394,788 87,780 137,772 166,362 127,274 $100,000 334,000 70,000 86,000 119,000 159,000 Prepare a schedule showing a horizontal analysis for 2020, using 2019 as the base year. (Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (45%). Round percentages...
TeSLIUIT Policies ent Attempt in Progress ere is financial information for Glitter Inc. December 31, 2020 December 31, 2019 Current assets $122.600 $100,000 330,000 394.350 72.000 Plant assets (net) Current liabilities Long-term liabilities Common stock. $1 par 85.968 133.902 166 210 130 870 86.000 110.000 162.000 Retained earnings Prepare a schedule showing a horizontalanalysis for 2020. using 2019 as the decimal place. e.g. 12.3%.] GLITTER INC. Condensed Balance Sh December 31 2020 2019 Assets MIT N decimal places, s. 12.3%)...
*Exercise 18-03 (Video) Here is financial information for Glitter Inc. December 31, 2020 Current assets $123,000 Plant assets (net) 394,471 Current liabilities 87,472 Long-term liabilities 137,192 Common stock, $1 par 166,833 Retained earnings 125,974 December 31, 2019 $100,000 329,000 71,000 88,000 111,000 159,000 Prepare a schedule showing a horizontal analysis for 2020, using 2019 as the base year. (Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.. (45), (4596). Round...
Glitter Inc Balance sheet NEIT. Here is financial information for Glitter Inc. Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $1 par Retained earnings December 31, 2020 $124,400 394,788 87,780 137,772 166,362 127.274 December 31, 2019 $100,000 334,000 70,000 85.000 119,000 159,000 Prepare a schedule showing a horizontal analysis for 2020, using 2019 as the base year. (Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45),...
December 31, 2020 December 31, 2019 Current assets $123,400 $100,000 Plant assets (net) 394,883 331,000 Current liabilities 88,726 74,000 Long-term liabilities 129,860 86,000 Common stock, $1 par 166,838 119,000 Retained earnings 132,859 152,000 Prepare a schedule showing a horizontal analysis for 2020, using 2019 as the base year. (Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (45%). Round percentages to 1 decimal place, e.g. 12.3%.) GLITTER INC. Condensed...
Exercise 14-3 (Video) Here is financial information for Glitter Inc. December 31, 2020 December 31, 2019 Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $1 par Retained earnings $123,000 395,300 89,279 130,592 166,959 131,470 $100,000 335,000 73,000 88,000 117,000 157,000 Prepare a schedule showing a horizontal analysis for 2020, using 2019 as the base year. (Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (45%). Round...