Question

Here is financial information for Shamrock, Inc.

Answer 1

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)

ASSETS

Current Assets $108,000 $92,500 $15,500 16.76%

Plant Assets (net) $402,500 $352,000 $50,500 14.35%

Total Assets $510,500 $444,500 $66,000 14.85%

LIABILITIES

Current Liabilities $101,500 $67,000 $34,500 51.49%

Long-term Liabilities $124,000 $92,500 $31,500 34.05%

STOCKHOLDERS' EQUITY

Common stock, $1 par $132,000 $117,000 $15,000 12.82%

Retained earnings $153,000 $168,000 -$15,000 -8.93%

TOTAL LIABILITIES & EQUITY $510,500 $444,500 $66,000 14.85%