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TAMARISK, INC. Condensed Balance Sheet May 31 ($ in millions) 2017 2016 Assets Current Assets Property, plant, and equipment (net) $9,630 $8,790 2,020 1.860 1,540 1.780 $13,190 $12.430 Other assets Total assets Liabilities and Stockholders' Equity Current Liabilities $3.290 1,310 $3,400 1.350 Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity 8.590 7.680 $13,190 $12.430

Answer 1

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Percentage rounding off instruction is not given, can be whole % or 1 decimal or 2 decimal as below: Solution: Horizontal analysis: |(2017-2016) (change/2016) Condensed Balance sheet 2017 $ $ $ $ 9,630 $ 2,020 $ 1,540 $ 13,190 $ 2016 Increase Percentage (Decrease) Change from 2013 OR: 8,790 $ 840 10% 9.6% 1,860 $ 160 9% 8.6% 1,780 $ -240 -13% -13.5% 12,430 $ 760 6% 6.1% OR: 9.56% 8.60% -13.48% 6.11% Assets: Current Assets Property, plant and equipment Other assets Total Assets Liabilities ans stockholders equity: Current Liabilities Long-term liabilities Stockholders' equity Total Liabilities and Stockholders' equity -3% 23% $ $ $ $ 3,290 $ 1,310 $ 8,590 $ 13,190 $ 3,400 $ 1,350 $ 7,680 $ 12,430 $ - 110 - 40 910 760 -3.2% -3.0% 11.8% 6.1% -3.24% -2.96% 11.85% 6.11% 12% 6% Vertical analysis: 2017 % of Total $ $ $ $ 9,630 2,020 1,540 13,190 73% 15% 12% 100% 73.0% 15.3% 11.7% 100.0% 73.0% 15.3% 11.7% 100.0% Assets: Current Assets Property, plant and equipment Other assets Total Assets Liabilities ans stockholders equity: Current Liabilities Long-term liabilities Stockholders' equity Total Liabilities and Stockholders' equity 24.9% 9.9% $ $ $ $ 3,290 1,310 8,590 13,190 25% 10% 65% 100% 24.9% 9.9% 65.1% 100.0% 65.1% 100.0%