The comparative condensed balance sheets of Conard Corporation are presented below

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The 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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