Creating schedule illustrating a horizontal analysis, Accounting Basics

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Creating schedule illustrating a horizontal analysis

Financial information for XYZ Inc. is given below.

    December 31, 2008     December 31, 2007
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    61,000       115,000
Retained earnings        136,000       150,000

Create a schedule illustrating a horizontal analysis for 2008 using 2007 as the base year.

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Accounting Basics: Creating schedule illustrating a horizontal analysis

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