astrologer only 12
The comparative condensed balance sheets of Garcia Corporation are presented below.
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GARCIA CORPORATION
Comparative Condensed Balance Sheets December 31 |
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2014
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2013
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| Assets | ||||
| Current assets | $ 74,610 | $ 78,800 | ||
| Property, plant, and equipment (net) | 99,430 | 90,520 | ||
| Intangibles | 27,230 | 39,870 | ||
| Total assets | $201,270 | $209,190 | ||
| Liabilities and stockholders’ equity | ||||
| Current liabilities | $ 43,400 | $ 48,360 | ||
| Long-term liabilities | 142,820 | 149,750 | ||
| Stockholders’ equity | 15,050 | 11,080 | ||
| Total liabilities and stockholders’ equity | $201,270 | $209,190 | ||
(a) Prepare a horizontal analysis of the balance sheet data for Garcia Corporation using 2013 as a base.
(If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000). (20%). Round percentages to 1 decimal place, e.g. 12.3%.)
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GARCIA CORPORATION
Condensed Balance Sheets December 31 |
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2014
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2013
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Increase
(Decrease) |
Percentage
Change from 2013 |
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Assets
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Current Assets
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$74,610
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$78,800
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$
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$
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[removed] % |
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