The comparative condensed balance sheets of Conard Corporation are presented bel
ID: 2356493 • Letter: T
Question
The comparative condensed balance sheets of Conard Corporation are presented below. CONARD CORPORATION Comparative Condensed Balance Sheets December 31, 2013 2013 2012 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 Complete the horizontal analysis of the balance sheet data for Conard Corporation using 2012 as a base. (If amount is a decrease, use a parentheses. Round percentages to 1 decimal place, e.g. 10.5.) E18-3 The comparative condensed balance sheets of Conard Corporation are presented below. CONARD CORPORATION Comparative Condensed Balance Sheets December 31, 2013 2013 2012 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 Complete the horizontal analysis of the balance sheet data for Conard Corporation using 2012 as a base. (If amount is a decrease, use either a negative sign preceding the number e.g. -45 or parentheses e.g. (45). Round percentages to 1 decimal place, e.g. 10.5.) 2013 2012 Increase (Decrease) Percentage change from 2012 Assets Current Assets: Property,plant, equiptment (net) Intangibles Totals Assets Liabilities & Stockholders Equity Current Liabilities Longterm liabilities Total Liabilities and stockholders equity Complete the vertical analysis of the balance sheet data for Conard Corporation in columnar form for 2013. Amount Percentage Assets Current Assets: Property,plant, equiptment (net) Intangibles Totals Assets Liabilities & Stockholders Equity Current Liabilities Longterm liabilities Total Liabilities and stockholders equityExplanation / Answer
CONARD CORPORATION
Condensed Balance Sheets
December 31
2009
2008
Increase
(Decrease)
Percentage
Change
from 2008
Assets
Current assets
Property, plant &
equipment (net)
Intangibles
Total assets
$74,000
99,000
27,000
$200,000
$80,000
90,000
40,000
$210,000
$(6,000)
(9,000)
(13,000)
$(10,000)
(7.5%)
(10.0%)
(32.5%)
(4.8%)
CONARD CORPORATION
Condensed Balance Sheets (Continued)
December 31
2009
2008
Increase
(Decrease)
Percentage
Change
from 2008
Liabilities and stock-
holders’ equity
Current liabilities
Long-term
liabilities
Stockholders’
equity
Total liabilities and
stockholders’
equity
$42,000
143,000
15,000
$200,000
$48,000
150,000
12,000
$210,000
$(6,000)
(7,000)
3,000)
$(10,000)
(12.5%)
(4.7%)
(25.0%)
(4.8%)
(b) CONARD CORPORATION
Condensed Balance Sheet
December 31, 2009
Amount
Percent
Assets
Current assets
Property, plant, and equipment (net)
Intangibles
Total assets
Liabilities and stockholders’ equity
Current liabilities
Long-term liabilities
Stockholders’ equity
Total liabilities and stockholders’ equity
$74,000
99,000
27,000
$200,000
$42,000
143,000
15,000
$200,000
37.0%
49.5%
13.5%
100.0%
21.0%
71.5%
7.5%
100.0%
2009
2008
Increase
(Decrease)
Percentage
Change
from 2008
Assets
Current assets
Property, plant &
equipment (net)
Intangibles
Total assets
$74,000
99,000
27,000
$200,000
$80,000
90,000
40,000
$210,000
$(6,000)
(9,000)
(13,000)
$(10,000)
(7.5%)
(10.0%)
(32.5%)
(4.8%)