Following is a comparative balance sheet for Barking Shark International Corporation:
Current assets
Current liabilities
Shareholders' equity
Total liabilities and shareholders'
Required:
a.Calculate and show the percentages that would appear in a horizontal analysis for this balance sheet.
b.Indicate any positive or negative developments from one year to the next.

Question

Following is a comparative balance sheet for Barking Shark International Corporation:
   Current assets
   Current liabilities
   Shareholders' equity
  Total liabilities and shareholders'
  Required:
a.Calculate and show the percentages that would appear in a horizontal analysis for this balance sheet.
b.Indicate any positive or negative developments from one year to the next.

Quizplus · Accepted Answer

The Answer of Following is a comparative balance sheet for Barking Shark International Corporation:
   Current assets
   Current liabilities
   Shareholders' equity
  Total liabilities and shareholders'
  Required:
a.Calculate and show the percentages that would appear in a horizontal analysis for this balance sheet.
b.Indicate any positive or negative developments from one year to the next.

Following Is a Comparative Balance Sheet for Barking Shark International