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Horizontal and Vertical Analysis

The comparative condensed balance sheets of Conard Corporation are presented below.
CONARD CORPORATION
Comparative Condensed Balance Sheets
December 31
2012 2011
Assets
Current assets $ 74,380 $ 80,020
Property, plant, and equipment (net) 98,620 90,090
Intangibles 27,080 40,450
Total assets $200,080 $210,560

Liabilities and stockholders' equity
Current liabilities $ 42,170 $ 47,920
Long-term liabilities 142,940 150,570
Stockholders' equity 14,970 12,070
Total liabilities and stockholders' equity $200,080 $210,560

Prepare a horizontal analysis of the balance sheet data for Conard Corporation using 2011 as a base. (If amount is a decrease, use either a negative sign preceding the number and/or percentage eg -45 or parentheses eg (45). Round percentages to 1 decimal place, e.g. 10.5%.)

Prepare a vertical analysis of the balance sheet data for Conard Corporation in columnar form for 2012. (Round percentages to 1 decimal place, e.g. 10.5%.)

Solution Summary

This solution illustrates how to perform horizontal and vertical analyses on a company's comparative financial statements.

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