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kharmaculpepper
18.02.2021 •
Business
Exercise 9-3 Here is financial information for Kingbird, Inc. December 31, 2017 December 31, 2016 Current assets $109,400 $ 92,200 Plant assets (net) 402,200 353,400 Current liabilities 101,200 68,400 Long-term liabilities 125,400 92,200 Common stock, $1 par 133,400 118,400 Retained earnings 151,600 166,600 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%.)
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