The comparative condensed balance sheets of CACTUS Corporation are presented below.

Cactus Corporation

Comparative Condensed Balance Sheets

December 31

Assets

2011

2010

Current assets

RM 72,000

RM 80,000

Property, plant and equipment (net)

94,500

90,000

Intangibles

33,500

40,000

Total assets

RM200,000

RM210,000

Liabilities and stockholders” equity

Current liabilities

RM 40,800

RM 48,000

Long term liabilities

141,000

150,000

Stockholders” equity

18,200

12,000

Total liabilities and stockholders” equity

RM200,000

RM210,000

Instructions

(a) Prepare a horizontal analysis of the balance sheet data for CACTUS Corporation using 2010 as a base.

(b) Prepare a vertical analysis of the balance sheet data for CACTUS Corporation in columnar form for 2011.