Condensed data taken from the ledger of St. Louis Company at December 31, for the current and preceding years, are as follows: Year 2 Year 1 Current assets $160,000 $130,000 Property, plant, and equipment 450,000 400,000 Intangible assets 20,700 30,000 Current liabilities 70,000 80,000 Long-term liabilities 210,000 250,000 Common stock 225,000 150,000 Retained earnings 125,700 80,000 Required: Prepare a comparative balance sheet, with horizontal analysis, for December 31, Year 2 and Year 1. Round percents to one decimal place. If required, use the minus sign to indicate decreases in amounts and percents (negative values). St. Louis Company Comparative Balance Sheet December 31, Year 2 and Year 1 Year 2 Year 1 Increase (Decrease) Amount Increase (Decrease) Percent Assets $fill in the blank 2 $fill in the blank 3 $fill in the blank 4 fill in the blank 5% fill in the blank 7 fill in the blank 8 fill in the blank 9 fill in the blank 10% fill in the blank 12 fill in the blank 13 fill in the blank 14 fill in the blank 15% Total assets $fill in the blank 16 $fill in the blank 17 $fill in the blank 18 fill in the blank 19% Liabilities $fill in the blank 21 $fill in the blank 22 $fill in the blank 23 fill in the blank 24% fill in the blank 26 fill in the blank 27 fill in the blank 28 fill in the blank 29% Total liabilities $fill in the blank 30 $fill in the blank 31 $fill in the blank 32 fill in the blank 33% Stockholders' Equity $fill in the blank 35 $fill in the blank 36 $fill in the blank 37 fill in the blank 38% fill in the blank 40 fill in the blank 41 fill in the blank 42 fill in the blank 43% Total stockholders' equity $fill in the blank 44 $fill in the blank 45 $fill in the blank 46 fill in the blank 47% Total liabilities and stockholders' equity $fill in the blank 48 $fill in the blank 49 $fill in the blank 50 fill in the blank 51%
Condensed data taken from the ledger of St. Louis Company at December 31, for the current and preceding years, are as follows: Year 2 Year 1 Current assets $160,000 $130,000 Property, plant, and equipment 450,000 400,000 Intangible assets 20,700 30,000 Current liabilities 70,000 80,000 Long-term liabilities 210,000 250,000 Common stock 225,000 150,000 Retained earnings 125,700 80,000 Required: Prepare a comparative balance sheet, with horizontal analysis, for December 31, Year 2 and Year 1. Round percents to one decimal place. If required, use the minus sign to indicate decreases in amounts and percents (negative values). St. Louis Company Comparative Balance Sheet December 31, Year 2 and Year 1 Year 2 Year 1 Increase (Decrease) Amount Increase (Decrease) Percent Assets $fill in the blank 2 $fill in the blank 3 $fill in the blank 4 fill in the blank 5% fill in the blank 7 fill in the blank 8 fill in the blank 9 fill in the blank 10% fill in the blank 12 fill in the blank 13 fill in the blank 14 fill in the blank 15% Total assets $fill in the blank 16 $fill in the blank 17 $fill in the blank 18 fill in the blank 19% Liabilities $fill in the blank 21 $fill in the blank 22 $fill in the blank 23 fill in the blank 24% fill in the blank 26 fill in the blank 27 fill in the blank 28 fill in the blank 29% Total liabilities $fill in the blank 30 $fill in the blank 31 $fill in the blank 32 fill in the blank 33% Stockholders' Equity $fill in the blank 35 $fill in the blank 36 $fill in the blank 37 fill in the blank 38% fill in the blank 40 fill in the blank 41 fill in the blank 42 fill in the blank 43% Total stockholders' equity $fill in the blank 44 $fill in the blank 45 $fill in the blank 46 fill in the blank 47% Total liabilities and stockholders' equity $fill in the blank 48 $fill in the blank 49 $fill in the blank 50 fill in the blank 51%
Chapter3: Evaluation Of Financial Performance
Section: Chapter Questions
Problem 19P
Related questions
Question
Condensed data taken from the ledger of St. Louis Company at December 31, for the current and preceding years, are as follows:
Year 2
|
|
Year 1
|
||
Current assets |
$160,000
|
|
$130,000
|
|
Property, plant, and equipment |
450,000
|
|
400,000
|
|
Intangible assets |
20,700
|
|
30,000
|
|
Current liabilities |
70,000
|
|
80,000
|
|
Long-term liabilities |
210,000
|
|
250,000
|
|
Common stock |
225,000
|
|
150,000
|
|
Retained earnings |
125,700
|
|
80,000
|
Required:
Prepare a comparative
St. Louis Company | ||||
Comparative Balance Sheet | ||||
December 31, Year 2 and Year 1 | ||||
Year 2 | Year 1 | Increase (Decrease) Amount | Increase (Decrease) Percent | |
Assets | ||||
$fill in the blank 2 | $fill in the blank 3 | $fill in the blank 4 | fill in the blank 5% | |
fill in the blank 7 | fill in the blank 8 | fill in the blank 9 | fill in the blank 10% | |
fill in the blank 12 | fill in the blank 13 | fill in the blank 14 | fill in the blank 15% | |
Total assets | $fill in the blank 16 | $fill in the blank 17 | $fill in the blank 18 | fill in the blank 19% |
Liabilities | ||||
$fill in the blank 21 | $fill in the blank 22 | $fill in the blank 23 | fill in the blank 24% | |
fill in the blank 26 | fill in the blank 27 | fill in the blank 28 | fill in the blank 29% | |
Total liabilities | $fill in the blank 30 | $fill in the blank 31 | $fill in the blank 32 | fill in the blank 33% |
$fill in the blank 35 | $fill in the blank 36 | $fill in the blank 37 | fill in the blank 38% | |
fill in the blank 40 | fill in the blank 41 | fill in the blank 42 | fill in the blank 43% | |
Total stockholders' equity | $fill in the blank 44 | $fill in the blank 45 | $fill in the blank 46 | fill in the blank 47% |
Total liabilities and stockholders' equity | $fill in the blank 48 | $fill in the blank 49 | $fill in the blank 50 | fill in the blank 51% |
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
EBK CONTEMPORARY FINANCIAL MANAGEMENT
Finance
ISBN:
9781337514835
Author:
MOYER
Publisher:
CENGAGE LEARNING - CONSIGNMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
Finance
ISBN:
9781337514835
Author:
MOYER
Publisher:
CENGAGE LEARNING - CONSIGNMENT