Q1) Financial information for Blevins Inc. is given below.
|
|
December 31, 2009
|
December 31, 2008
|
|
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
|
161,000
|
115,000
|
|
Retained earnings
|
136,000
|
150,000
|
Make a schedule illustrating a horizontal analysis for 2009 using 2008 as base year.