The comparative condensed balance sheets of Conard Corporation are presented below.
| Conard Corporation | ||
| Comparative Condensed Balance Sheets | ||
| 31-Dec | ||
| Assets | 2009 | 2008 |
| Current assets | 74,000 | 80,000 |
| Property, plant, and equipment (net) | 99,000 | 90,000 |
| Intangibles | 27,000 | 40,000 |
| Total assets | 200,000 | 210,000 |
| Liabilities and Stockholders' Equity | ||
| Current liabilities | 42,000 | 48,000 |
| Long-term liabilities | 143,000 | 150,000 |
| Stockholders' equity | 15,000 | 12,000 |
| Total liabilities and stockholders' equity | 200,000 | 210,000 |
Instructions
(a) Prepare a horizontal analysis of the balance sheet data for Conard Corporation using 2008 as
a base.
(b) Prepare a vertical analysis of the balance sheet data for Conard Corporation in columnar
form for 2009.
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