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HORIZONTAL ANALYSIS INSTRUCTIONS: Prepare a horizontal analysis of the income statement using 2018 as a base....

HORIZONTAL ANALYSIS
INSTRUCTIONS: Prepare a horizontal analysis of the income statement using 2018 as a base.
Neiman Corp.
Comparative Balance Sheet
For the years ended December 31
2019 2018
Assets
Current Assets                     360              300
Plant Assets                     640              500
Total Assets                  1,000              800
Liabilities & Stockholders' Equity
Current liabilities                     150              120
Long-term debt                     240              160
Common stock                     350              320
Retained earnings                     260              200
Total liabilities & stockholders' equity                  1,000              800
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Answer #1
Neiman Corp.
Comparative Balance Sheet
For the years ended December 31
2019 2018 Change %
Assets (a) (b) (c=a-b) (c/b)
Current Assets 360 300 60 20.00%
Plant Assets 640 500 140 28.00%
Total Assets 1000 800 200 25.00%
Liabilities & Stockholders' Equity
Current liabilities 150 120 30 25.00%
Long-term debt 240 160 80 50.00%
Common stock 350 320 30 9.38%
Retained earnings 260 200 60 30.00%
Total liabilities & stockholders' equity 1000 800 200 25.00%
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