In: Accounting
METLOCK, INC. |
||||
---|---|---|---|---|
2017 |
2016 |
|||
Assets |
||||
Current Assets |
$9,800 |
$8,760 |
||
Property, plant, and equipment (net) |
1,970 |
1,800 |
||
Other assets |
1,550 |
1,770 |
||
Total assets |
$13,320 |
$12,330 |
||
Liabilities and Stockholders' Equity |
||||
Current Liabilities |
$3,230 |
$3,320 |
||
Long-term liabilities |
1,310 |
1,350 |
||
Stockholders’ equity |
8,780 |
7,660 |
||
Total liabilities and stockholders' equity |
$13,320 |
$12,330 |
(a) Prepare a horizontal analysis of the balance
sheet data for Metlock, using 2016 as a base. (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%.)
METLOCK, INC. |
|||||||||
---|---|---|---|---|---|---|---|---|---|
2017 |
2016 |
Increase |
Percentage |
||||||
Assets |
|||||||||
Current Assets |
$9,800 |
$8,760 |
$Enter a dollar amount |
Enter percentages rounded to 1 decimal place |
% |
||||
Property, plant, and equipment (net) |
1,970 |
1,800 |
Enter a dollar amount |
Enter percentages rounded to 1 decimal place |
% |
||||
Other assets |
1,550 |
1,770 |
Enter a dollar amount |
Enter percentages rounded to 1 decimal place |
% |
||||
Total assets |
$13,320 |
$12,330 |
$Enter a total amount for this section |
Enter percentages rounded to 1 decimal place |
% |
||||
Liabilities and Stockholders' Equity |
|||||||||
Current Liabilities |
$3,230 |
$3,320 |
$Enter a dollar amount |
Enter percentages rounded to 1 decimal place |
% |
||||
Long-term liabilities |
1,310 |
1,350 |
Enter a dollar amount |
Enter percentages rounded to 1 decimal place |
% |
||||
Stockholders’ equity |
8,780 |
7,660 |
Enter a dollar amount |
Enter percentages rounded to 1 decimal place |
% |
||||
Total liabilities and stockholders' equity |
$13,320 |
$12,330 |
$Enter a total amount for this section |
Enter percentages rounded to 1 decimal place |
% |
(b) Prepare a vertical analysis of the balance
sheet data for Metlock for 2017.
METLOCK, INC. |
|||||
---|---|---|---|---|---|
$ (in millions) |
Percent |
||||
Assets |
|||||
Current Assets |
$9,800 |
Enter percentages |
% |
||
Property, plant, and equipment (net) |
1,970 |
Enter percentages |
% |
||
Other assets |
1,550 |
Enter percentages |
% |
||
Total assets |
$13,320 |
Enter percentages |
% |
||
Liabilities and Stockholders' Equity |
|||||
Current Liabilities |
$3,230 |
Enter percentages |
% |
||
Long-term Liabilities |
1,310 |
Enter percentages |
% |
||
Stockholders’ equity |
8,780 |
Enter percentages |
% |
||
Total liabilities and stockholders' equity |
$13,320 |
Enter percentages |
% |