Here is financial information for Marin Inc. December 31, 2017 December 31, 2016 Current assets $110,400 $ 94,600 Plant assets (net) 404,600 354,400 Current liabilities 103,600 69,400 Long-term liabilities 126,400 94,600 Common stock, $1 par 134,400 119,400 Retained earnings 150,600 165,600 Prepare a schedule showing a horizontal analysis for 2017, using 2016 as the base year. (If amount and percentage are a decrease show the numbers as negative, e. g. - 55,000, - 20% or (55,000), (20%). Round percentages to 1 decimal place, e. g. 12.1%.)

Question

Business

Daphne Pineda

3 May, 15:15

Here is financial information for Marin Inc. December 31, 2017 December 31, 2016 Current assets $110,400 $ 94,600 Plant assets (net) 404,600 354,400 Current liabilities 103,600 69,400 Long-term liabilities 126,400 94,600 Common stock, $1 par 134,400 119,400 Retained earnings 150,600 165,600 Prepare a schedule showing a horizontal analysis for 2017, using 2016 as the base year. (If amount and percentage are a decrease show the numbers as negative, e. g. - 55,000, - 20% or (55,000), (20%). Round percentages to 1 decimal place, e. g. 12.1%.)

+5

Answers (1)

Know the Answer?

Ronnie Rose · Answer 1

2,016 2,017 2017 as 2016 base

Current Assets 94,600 110,400 increase 17%

Plant Assets 354,400 404,600 increase 14%

Total Assets 449,000 515,000 increase 15%

Current Laibilities 69,400 103,600 increase 49%

Long-Term Liab 94,600 126,400 increase 34%

Common Stock 119,400 134,400 increase 13%

Retained Earnings 165,600 150,600 decrease - 9%

Total L+SE 449,000 515,000 increase 15%

Explanation:

We will compare new year with the previous year, as percent.

(2017-2016) / 2016

This will gives the variance per year