horizontal and vertical analysis
horizontal and vertical analysis. E13-8 Here are comparative balance sheets for Taguchi Company.
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Comparative Balance Sheets
December 31
Assets 2011 2010
Cash $ 73,000 $ 22,000
Accounts receivable 85,000 76,000
Inventories 170,000 189,000
Land 75,000 100,000
Equipment 260,000 200,000
Accumulated depreciation (66,000) (32,000)
Total $597,000 $555,000
Liabilities and Stockholders’ Equity
Accounts payable $ 39,000 $ 47,000
Bonds payable 150,000 200,000
Common stock ($1 par) 216,000 174,000
Retained earnings 192,000 134,000
Total $597,000 $555,000
Additional information:
- Net income for 2011 was $103,000.
- Cash dividends of $45,000 were declared and paid.
- Bonds payable amounting to $50,000 were redeemed for cash $50,000.
- Common stock was issued for $42,000 cash.
5.No equipment was sold during 2011, but land was sold at cost.
Instructions: Prepare a statement of cash flows for 2011 using the indirect method.
E14-3The comparative condensed balance sheets of Conard Corporation are presented below.
CONARD CORPORATION
Comparative Condensed Balance Sheets
December 31
2012 2011
Assets
Current assets $ 74,000 $ 80,000
Property, plant, and equipment (net) 99,000 90,000
Intangibles 27,000 40,000
Total assets $200,000 $210,000
Liabilities and stockholders’ equity
Current liabilities $ 42,000 $ 48,000
Long-term liabilities 143,000 150,000
Stockholders’ equity 15,000 12,000
Total liabilities and stockholders’ equity $200,000 $210,000
Instructions:
(a) Prepare a horizontal analysis of the balance sheet data for Conard Corporation using 2011 as a base.
(b) Prepare a vertical analysis of the balance sheet data for Conard Corporation in columnar form for 2012.
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