29 Jun Question Exercise 18-1
Question
Exercise 18-1
Financial information for Sinead Inc. is presented below.
December 31, 2013
December 31, 2012
Current assets
$123,920
$100,970
Plant assets (net)
394,340
328,550
Current liabilities
89,510
70,740
Long-term liabilities
129,370
87,560
Common stock, $1 par
166,530
116,400
Retained earnings
132,850
154,820
Prepare a schedule showing a horizontal analysis for 2013 using 2012 as the base year.(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. 12.3%.)
SINEAD INC.
Condensed Balance Sheets
December 31
Increase or (Decrease)
2013
2012
Amount
Percentage
Assets
Current Assets
$123,920
$100,970
$
.gif” alt=”http://edugen.wiley.com/edugen/art2/common/pixel.gif”>
%
Plant Assets (net)
394,340
328,550
.gif” alt=”http://edugen.wiley.com/edugen/art2/common/pixel.gif”>
%
Total assets
$518,260
$429,520
$
.gif” alt=”http://edugen.wiley.com/edugen/art2/common/pixel.gif”>
%
Liabilities
Current Liabilities
$89,510
$70,740
$.gif” alt=”http://edugen.wiley.com/edugen/art2/common/pixel.gif”>
.gif” alt=”http://edugen.wiley.com/edugen/art2/common/pixel.gif”>
%
Long-term Liabilities
129,370
87,560
.gif” alt=”http://edugen.wiley.com/edugen/art2/common/pixel.gif”>
.gif” alt=”http://edugen.wiley.com/edugen/art2/common/pixel.gif”>
%
Total liabilities
218,880
158,300
.gif” alt=”http://edugen.wiley.com/edugen/art2/common/pixel.gif”>
.gif” alt=”http://edugen.wiley.com/edugen/art2/common/pixel.gif”>
%
Stockholders’ Equity
Common Stock, $1 par
166,530
116,400
.gif” alt=”http://edugen.wiley.com/edugen/art2/common/pixel.gif”>
.gif” alt=”http://edugen.wiley.com/edugen/art2/common/pixel.gif”>
%
Retained Earnings
132,850
154,820
.gif” alt=”http://edugen.wiley.com/edugen/art2/common/pixel.gif”>
.gif” alt=”http://edugen.wiley.com/edugen/art2/common/pixel.gif”>
%
Total stockholders’ equity
299,380
271,220
.gif” alt=”http://edugen.wiley.com/edugen/art2/common/pixel.gif”>
.gif” alt=”http://edugen.wiley.com/edugen/art2/common/pixel.gif”>
%
Total liabilities and stockholders’ equity
$518,260
$429,520
$.gif” alt=”http://edugen.wiley.com/edugen/art2/common/pixel.gif”>
.gif” alt=”http://edugen.wiley.com/edugen/art2/common/pixel.gif”>
%
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
About Writedemy
We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.
How It Works
To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Are there Discounts?
All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.