Answered

IDNLearn.com is designed to help you find accurate answers with ease. Ask your questions and receive prompt, detailed answers from our experienced and knowledgeable community members.

Here is financial information for Larkspur, Inc. December 31, 2022 December 31, 2021 Current assets $108,600 $ 94,500 Plant assets (net) 404,500 352,600 Current liabilities 103,500 67,600 Long-term liabilities 124,600 94,500 Common stock, $1 par 132,600 117,600 Retained earnings 152,400 167,400 Prepare a schedule showing a horizontal analysis for 2022, using 2021 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. 12.1%.)

Sagot :

Tundexiidn

Answer:

                                      2022      2021       Amount     Percentage

                                        [A]           [B]       [C = A – B]      [D = C/B]

ASSETS

Current Assets         $108,600  $94,500     $14,100          14.9%

Plant Assets (net)     $404,500 $352,600   $51,900         14.7%

Total Assets             $513,100   $447,100     $66,000        14.8%

LIABILITIES

Current Liabilities    $103,500  $67,600      $35,900          53.1%

Long Term Liabilities $124,600 $94,500    $30,100            31.9%

Total Liabilities        $228,100   $162,100     $66,000          40.7%

STOCKHOLDER's EQUITY

Common Stock $1 par $132,600  $117,600  $15,000       12.8%

Retained Earnings         $152,400  $167,400 $(15,000)     -9.0%

Total S.H. 's Equity        $285,000 $285,000     -              $0.0%

Total Liabilities &        $513,100   $447,100  $66,000      14.8%

Stockholder's Equity

Your presence in our community is highly appreciated. Keep sharing your insights and solutions. Together, we can build a rich and valuable knowledge resource for everyone. Your questions deserve precise answers. Thank you for visiting IDNLearn.com, and see you again soon for more helpful information.