Problem: The comparative condensed balance sheets of Conard Corporation are presented below.
CONARD CORPORATION
Comparative Condensed Balance Sheets
December 31
2012 // 2011
Assets
Current assets $ 73,610 // $ 79,730
Property, plant, and equipment (net) 99,050 // 89,870
Intangibles 27,450 // 39,620
Total assets $200,110 // $209,220
Liabilities and stockholders' equity
Current liabilities $ 41,830 // $ 48,180
Long-term liabilities 143,710 // 149,470
Stockholders' equity 14,570 // 11,570
Total liabilities and stockholders' equity $200,110 // $209,220
1. Prepare a horizontal analysis of the balance sheet data for Conard Corporation using 2011 as a base.
2. Prepare a vertical analysis of the balance sheet data for Conard Corporation in columnar form for 2012.