In: Accounting
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.