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 Comparative Condensed Balance Sheets December 31 2017 2016 Assets Current assets Property, plant, and equipment (net) Intangibles $ 72,400 $78,600 92,000 41,000 $195,500 $211,600 97,700 25,400 Total assets Liabilities and stockholders\' equity Current liabilities Long-term liabilities Stockholders\' equity $42,800 $49,800 40,200 151,000 10,800 $195,500 $211,600 12,500 Total liabilities and stockholders\' equity

Solution

GURLEY CORPORATION HORIZENTAL ANALYSIS 2017 (A) 2016 (B) Increase (Decrease)(C\') % changes from (2016) Remarks Assets Current Assets $           72,400 $           78,600 $              -6,200 -7.89% (C / B) X 100 Property, plant & Equipment $           97,700 $           92,000 $                5,700 6.20% (C / B) X 100 Intangibles $           25,400 $           41,000 $            -15,600 -38.05% (C / B) X 100 Total Assets $       1,95,500 $       2,11,600 $            -16,100 -7.61% (C / B) X 100 Liabilities and Equities Current Liabilities $           42,800 $           49,800 $              -7,000 -14.06% (C / B) X 100 Long Term Liabilities $       1,40,200 $       1,51,000 $            -10,800 -7.15% (C / B) X 100 Stochholders Equity $           12,500 $           10,800 $                1,700 15.74% (C / B) X 100 Total Liability and Equity $       1,95,500 $       2,11,600 $            -16,100 -7.61% (C / B) X 100 GURLEY CORPORATION VERTICAL ANALYSIS HORIZENTAL ANALYSIS FOR THE YEAR 2017 AMOUNT PERCENTAGE Assets Current Assets $           72,400 37.0% Property, plant & Equipment $           97,700 50.0% Intangibles $           25,400 13.0% Total Assets $       1,95,500 100.0% Liabilities and Equities Current Liabilities $           42,800 21.9% Long Term Liabilities $       1,40,200 71.7% Stochholders Equity $           12,500 6.4% Total Liability and Equity $       1,95,500 100.0%