Problem - The comparative condensed balance sheets of Conard Corporation are presented below.
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CONARD CORPORATION Comparative Condensed Balance Sheets December 31
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2012
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2011
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Assets
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Current assets
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$ 73,610
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$ 79,830
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Property, plant, and equipment (net)
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99,110
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89,840
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Intangibles
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27,070
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40,220
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Total assets
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$199,790
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$209,890
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Liabilities and stockholders' equity
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Current liabilities
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$ 41,940
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$ 48,350
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Long-term liabilities
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143,060
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149,890
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Stockholders' equity
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14,790
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11,650
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Total liabilities and stockholders' equity
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$199,790
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$209,890
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Required -
Prepare a horizontal analysis of the balance sheet data for Conard Corporation using 2011 as a base.
Prepare a vertical analysis of the balance sheet data for Conard Corporation in columnar form for 2012.