Exercise 183 The comparative condensed balance sheets of Gur

Exercise 18-3 The comparative condensed balance sheets of Gurley Corporation are presented below GURLEY CORPORATION 2016 ts by Study Assets 74,000 $80,000 99,00090,000 27,000 40,000 $200,000 $210,000 Current assets Property, plant, and equipment (net) Total assets Llabilities and stockholders\' equity 42,000 48,000 43,000 150,000 5,000 12,000 200,000$210,000 Current lablities Long-term liabilities Total lablities and stockholders equity hat ontai analysis of the balance sheet data for Guney Corporation using 2016 as a base. (Enter negative amounts and percent Prepare a negative sign preceding the number e.g.-45,-45% or parentheses eg, (45), (45%). Round percentages to 1 2000-20120tn.nter Sots. Inc. All Righes erved. A Divwon or 2gm wley &Soos.Inc.; 3 8 ncommand

Solution

GURLEY CORPORATION

Condensed Balance Sheet

Percentage change from 2016 = Increase (Decrease) ÷ Value of 2016 × 100