Answer:
2017 Total $510,500
2016 Total $444,500
Difference $66,000
Percent Change 14.85%
Explanation:
Shamrock, Inc.
December 31, 2017
SCHEDULE OF HORIZONTAL ANALYSIS
ITEM(a) 2017(b) 2016(c) AMOUNT(d=b-c) %CHANGE(e=d/c*100)
<em>ASSETS</em>
Current Assets $108,000 $92,500 $15,500 16.76%
Plant Assets (net) $402,500 $352,000 $50,500 14.35%
<u>Total Assets $510,500 $444,500 $66,000 14.85%</u>
<em>LIABILITIES</em>
Current Liabilities $101,500 $67,000 $34,500 51.49%
Long-term Liabilities $124,000 $92,500 $31,500 34.05%
<em>STOCKHOLDERS' EQUITY</em>
Common stock, $1 par $132,000 $117,000 $15,000 12.82%
Retained earnings $153,000 $168,000 -$15,000 -8.93%
<u>TOTAL LIABILITIES & EQUITY $510,500 $444,500 $66,000 14.85%</u>
