Homework SourseExercise 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
Note: For Solution of 18-8 , please post the seprate .
| GURLEY CORPORATION | ||||||
| HORIZENTAL ANALYSIS | ||||||
| 2017 (A) | 2016 (B) | Increase (Decrease)(C\') | % changes from (2016) | Remarks | ||
| Assets | ||||||
| Current Assets | $ 74,000 | $ 80,000 | $ -6,000 | -7.50% | (C / B) X 100 | |
| Property, plant & Equipment | $ 99,000 | $ 90,000 | $ 9,000 | 10.00% | (C / B) X 100 | |
| Intangibles | $ 27,000 | $ 40,000 | $ -13,000 | -32.50% | (C / B) X 100 | |
| Total Assets | $ 2,00,000 | $ 2,10,000 | $ -10,000 | -4.76% | (C / B) X 100 | |
| Liabilities and Equities | ||||||
| Current Liabilities | $ 42,000 | $ 48,000 | $ -6,000 | -12.50% | (C / B) X 100 | |
| Long Term Liabilities | $ 1,43,000 | $ 1,50,000 | $ -7,000 | -4.67% | (C / B) X 100 | |
| Stochholders Equity | $ 15,000 | $ 12,000 | $ 3,000 | 25.00% | (C / B) X 100 | |
| Total Liability and Equity | $ 2,00,000 | $ 2,10,000 | $ -10,000 | -4.76% | (C / B) X 100 | |
| GURLEY CORPORATION | ||||||
| VERTICAL ANALYSIS | ||||||
| HORIZENTAL ANALYSIS FOR THE YEAR 2017 | ||||||
| AMOUNT | PERCENTAGE | |||||
| Assets | ||||||
| Current Assets | $ 74,000 | 37.0% | ||||
| Property, plant & Equipment | $ 99,000 | 49.5% | ||||
| Intangibles | $ 27,000 | 13.5% | ||||
| Total Assets | $ 2,00,000 | 100.0% | ||||
| Liabilities and Equities | ||||||
| Current Liabilities | $ 42,000 | 21.0% | ||||
| Long Term Liabilities | $ 1,43,000 | 71.5% | ||||
| Stochholders Equity | $ 15,000 | 7.5% | ||||
| Total Liability and Equity | $ 2,00,000 | 100.0% | |
