Here is financial information for Pauletti Inc.
|
December 31, 2012
|
December 31, 2011
|
|
Current assets
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$106,000
|
$ 90,000
|
|
Plant assets (net)
|
400,000
|
350,000
|
|
Current liabilities
|
99,000
|
65,000
|
|
Long-term liabilities
|
122,000
|
90,000
|
|
Common stock, $1 par
|
130,000
|
115,000
|
|
Retained earnings
|
155,000
|
170,000
|
Instructions
Prepare a schedule showing a horizontal analysis for 2012, using 2011 as the base year.