The comparative condensed balance sheets of Baker Corporation presented : 1312010
The comparative condensed balance sheets of Baker Corporation are presented below.
Comparative Condensed Balance Sheets
Current assets$ 70,000$ 80,000
Property, plant, and equipment (net)94,50090,000
Intangibles 33,500 40,000
Liabilities and stockholders' equity
Current liabilities$ 40,800$ 48,000
Stockholders' equity 16,200 12,000
Total liabilities and stockholders' equity$198,000$210,000
(a)Prepare a horizontal analysis of the balance sheet data for Baker Corporation using 2012 as a base.
(b)Prepare a vertical analysis of the balance sheet data for Baker Corporation in columnar form for 2013.
The comparative condensed income statements of Marks Corporation are shown below.
Comparative Condensed Income Statements
For the Years Ended December 31
Cost of goods sold 450,000 400,000
Operating expenses 54,000 40,000
Net income$116,000$ 60,000
(a)Prepare a horizontal analysis of the income statement data for Marks Corporation using 2012 as a base. (Show the amounts of increase or decrease.)
(b)Prepare a vertical analysis of the income statement data for Marks Corporation in columnar form for both years.
Operating data for Martin Corporation are presented below.
Cost of goods sold320,000
Prepare a schedule showing a vertical analysis for 2012.