The comparative condensed balance sheets of Conard Corporation are presented below.
Comparative Condensed Balance Sheets
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%.)
This solution illustrates how to perform horizontal and vertical analyses on a company's comparative financial statements.