Financial Statement Analysis: Horizontal Analysis.
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Financial information is presented below:
December 31, 2009 December 31,2008
Current Assets $125,000 $100,000
Plant Assets (net) $396,000 $330,000
Current liabilities $91,000 $70,000
Long term liabilities $133,000 $95,000
Common stock, $1 par $161,000 $115,000
Retained earnings $136,000 $150,000
Prepare a schedule showing a horizontal analysis for 2009 using 2008 as a base year.
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Solution Summary
The objective, of the question, is to assess the state, of a company's financial statement, by preparing a horizontal analysis.
Education
- B. Sc., University of Nigeria
- M. Sc., London South Bank University
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