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Complete the Horizontal Analysis of Soopy's Used Cars

Question 40

Essay

Complete the horizontal analysis of Soopy's Used Cars.(Round all percentages to the nearest tenth of a percent.)
20132012 Amount  Percent  of Change of Change  Current Assets $75,000$60,000 Plant and Equipment 225,000200,000 Total Assets $300,000$260,000 Current Liabilities $30,000$35,000 Long-term Liabilities 80,00070,000 Common Stack 100,000100,000 Retained Earnings 90,00055,000 Tota1 Liabilities and  Stockholders’ Equity $300,000$260,000\begin{array} { l r r r r } & \underline { 2013 } & \underline { 2012 } & \underline { \text { Amount } } & \underline { \text { Percent } } \\&&&\underline { \text { of Change} } &\underline { \text { of Change }} \\\text { Current Assets } & \$ 75,000 & \$ 60,000 &\\\text { Plant and Equipment } & \underline { 225,000 } & \underline { 200,000 } & & \\\text { Total Assets } & \underline { \underline { \$ 300,000 } } & \underline { \underline { \$ 260,000 } } & & \\\text { Current Liabilities } & \$ 30,000 & \$ 35,000 & & \\\text { Long-term Liabilities } & 80,000 & 70,000 & & \\\text { Common Stack } & 100,000 & 100,000 & & \\\text { Retained Earnings } & \underline { 90,000 } & \underline { 55,000 } & & \\\text { Tota1 Liabilities and } & & & & \\\text { Stockholders' Equity } & \underline { \$ 300,000 } & \underline { \$ 260,000 } &\end{array}

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