2023 E14 3 The comparative condensed balance sheets of Conard Corporation are presented below CONARD CORPORATION Comparative Condensed | Assignments Online

2023 E14 3 The comparative condensed balance sheets of Conard Corporation are presented below CONARD CORPORATION Comparative Condensed | Assignments Online

Assignments Online 2023 Business Finance

 

E14-3 The comparative condensed balance sheets of Conard Corporation are presented below.

CONARD CORPORATION

Comparative Condensed Balance Sheets

December 31

2012 2011

Assets

Current assets $ 74,000 $ 80,000

Property, plant, and equipment (net) 99,000 90,000

Intangibles 27,000 40,000

Total assets $200,000 $210,000

Liabilities and stockholders’ equity

Current liabilities $ 42,000 $ 48,000

Long-term liabilities 143,000 150,000

Stockholders’ equity 15,000 12,000

Total liabilities and stockholders’ equity $200,000 $210,000

Instructions

(a) Prepare a horizontal analysis of the balance sheet data for Conard Corporation using 2011

as a base.

(b) Prepare a vertical analysis of the balance sheet data for Conard Corporation in columnar

form for 2012.

 

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