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    Horizontal and Vertical Analysis

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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 $ 74,380 $ 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%.)

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    Solution Summary

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

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