Heer Current Attempt in ProgressHere is financial information for Larkspur, Inc..Current assetsPlant assets (net)Current liabilitiesLong-term liabilitiesCommon stock, $1 parRetained earningsAssetsCurrent AssetsPlant assets (net)December 31, 2019$110,390416.576105,910109,056P140,868Prepare a schedule showing a horizontal analysis for 2019, using 2018 as the base year. Of amount and percentage are a decrease showthe numbers as negative, eg 55,000, -20% or (55,000). (20%). Round percentages to 1 decimal place. eg. 12.1%)171.1322019December 31, 2018$ 95,000416,576GENEALE$110,390 $95,000LARKSPUR, INC.Condensed Balance SheetDecember 312018368,00070,00081,000126,000186,000368,000exconnIncrease or (Decrease)AmountPercentage AssetsCurrent AssetsPlant assets (net)Total assetsLiabilitiesCurrent LiabilitiesLong-term liabilitiesTotal liabilitiesStockholders' EquityCommon stock, $1 parRetained earningsTotal stockholders' equityTotal liabilities andstockholders' equity2019$110,390LARKSPUR, INC.Condensed Balance SheetDecember 31416,576 368,000109,0562018$526,966 $463,000$95.000$105,910 $70,000140,868171.132$214,966 $151,00081,000126,000186,000312,000 312,000$526,966 $463,000$S$Increase or (Decrease)AmountPercentage%%%%%

Horizontal analysis, also referred to as trend analysis, is a financial evaluation method that…

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Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 83E

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Scanned with CamScanner Scanned with CamScanner Balance Sheets as at 31 December Non current asse Current assets ess depreciation Accounts reco Total assets Accounts pavable oan hotes Net awetse entory at 1 January 2018 was E50,000. Required: 2018 and 2019 Cn Net promt capons for and signi of any changes in the ratios shown by your calaton Scanned with CamScanner given below. Income Statements for the years ending 31 December 2018 2019 £00 £000 £000 E000 Sales Less Cost of sales Gross profit 200 (150) 50 280 (210) 70 Less Administration expenses 38 46 Loan note interest 4 (50) (38) 12 Net profit 20

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