Question -
Here is financial information for Spangles Inc.
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|
December 31, 2014
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December 31, 2013
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Current assets
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$109,594
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$92,897
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|
Plant assets (net)
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402,897
|
353,594
|
|
Current liabilities
|
101,897
|
68,594
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|
Long-term liabilities
|
125,594
|
92,897
|
|
Common stock, $1 par
|
133,594
|
118,594
|
|
Retained earnings
|
151,406
|
166,406
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Prepare a schedule showing a horizontal analysis for 2014, using 2013 as the base year.