Question
Problem 13-17A Allendale Company Horizontal Analysis of Balance Sheets 2019 2018 | % Change Assets Cash Marketable securities Accounts receivable (net) Inventories Prepaid items $40,000 $36,000 6,000 46,000 20,000 54,000 135,000 25,000 274,000 27,000 270,000 29,000 326,000 143,000- 10,000 Total current assets Investments Plant (net) Land 241,000 20,000 255,000 24,000 299,000 $600,000 $540,000 Total long-term assets Total assets Liabilities Notes payable Accounts payable Salaries payable 17,000 6,000 100,000 113,800 1 15,000 21,000 151,800 100,000 Total current liabilities 121,000 100,000 Bonds payable Other 32,000 27,000 | 000 127,000 248,000 132, Total noncurrent liabilities Total liabilities Stockholders' Equity 283,800 Preferred stock Common stock Retained earnings 80,000 80,000 156,200 316,200 $600,000 80,000 80,000 132,000 292,000 $540,000 Total stockholders' equity Total liabilities & stockholders' equity -- 13-1
Explanation / Answer
Assets 2019 % of total 2018 % of total % change Cash 40000 6.67 36000 6.67 11.11 Marketable securities 20000 3.33 6000 1.11 233.33 Account Receivable 54000 9.00 46000 8.52 17.39 Invntories 135000 22.50 143000 26.48 -5.59 Prepaid item 25000 4.17 10000 1.85 150.00 Total Current Asset 274000 45.67 241000 44.63 13.69 Investment 27000 4.50 20000 3.70 35.00 Plant 270000 45.00 255000 47.22 5.88 Land 29000 4.83 24000 4.44 20.83 Total long term asset 326000 54.33 299000 55.37 9.03 Total asset 600000 100 540000 100 11.11 Liablities Notes payable 17000 2.83 6000 1.11 183.33 Account payable 113800 18.97 100000 18.52 13.80 Salaries payable 21000 3.50 15000 2.78 40.00 Total current liablities 151800 25.30 121000 22.41 25.45 Bonds payable 100000 16.67 100000 18.52 0.00 Other 32000 5.33 27000 5.00 18.52 Total non-current liablities 132000 22.00 127000 23.52 3.94 Shareholder's Equity Preferred stock 80000 13.33 80000 14.81 0.00 Common stock 80000 13.33 80000 14.81 0.00 Retained earning 156200 26.03 132000 24.44 18.33 Total stockholder equity 316200 52.70 292000 54.07 8.29 Total liablities & stockholder equity 600000 100 540000 100