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.