E13.3 (LO 2), AP Here is financial information for Glitter Inc. Prepare horizontal analysis. December 31,...

E13.3 (LO 2), AP Here is financial information for Glitter Inc.

Prepare horizontal analysis.

	December 31, 2022	December 31, 2021
Current assets	$106,000	$ 90,000
Plant assets (net)	400,000	350,000
Current liabilities	99,000	65,000
Long-term liabilities	122,000	90,000
Common stock, $1 par	130,000	115,000
Retained earnings	155,000	170,000

Instructions

Prepare a schedule showing a horizontal analysis for 2022, using 2021 as the base year.

Solutions

Expert Solution

ekkarill92 answered 1 year ago

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