Financial information for Gallup Inc. is presented below.
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December 31, 2014
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December 31, 2013
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Current assets |
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$127,990 |
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$100,760 |
Plant assets (net) |
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394,870 |
|
329,630 |
Current liabilities |
|
86,320 |
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73,960 |
Long-term liabilities |
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129,880 |
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87,830 |
Common stock, $1 par |
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164,900 |
|
117,800 |
Retained earnings |
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141,760 |
|
150,800 |
Prepare a schedule showing a horizontal analysis for 2014 using 2013 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. 12.3%.)
GALLUP INC. Condensed Balance Sheets December 31
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Increase or (Decrease)
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2014
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2013
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Amount
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Percentage
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Assets
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Current Assets
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$127,990
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$100,760
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$
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%
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Plant Assets (net)
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394,870
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329,630
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%
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Total assets
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$522,860
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$430,390
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$
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%
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Liabilities
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Current Liabilities
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$86,320
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$73,960
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$
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%
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Long-term Liabilities
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129,880
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87,830
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%
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Total liabilities
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216,200
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161,790
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%
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Stockholders' Equity
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Common Stock, $1 par
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164,900
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117,800
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%
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Retained Earnings
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141,760
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150,800
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%
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Total stockholders' equity
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306,660
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268,600
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%
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Total liabilities and stockholders' equity
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$522,860
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$430,390
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$
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