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Here is financial information for Marin Inc. December 31, 2017 December 31, 2016 Current assets $110,400 $ 94,600 Plant assets (net) 404,600 354,400 Current liabilities 103,600 69,400 Long-term liabilities 126,400 94,600 Common stock, $1 par 134,400 119,400 Retained earnings 150,600 165,600 Prepare a schedule showing a horizontal analysis for 2017, using 2016 as the base year. (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. 12.1%.)

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Respuesta :

TomShelby

Answer:

                       2,016   2,017     2017 as 2016 base

Current Assets 94,600    110,400  increase 17%

Plant Assets       354,400  404,600 increase 14%

Total Assets       449,000    515,000        increase 15%

Current Laibilities 69,400   103,600 increase 49%

Long-Term Liab 94,600   126,400 increase 34%

Common Stock 119,400   134,400 increase  13%

Retained Earnings 165,600   150,600 decrease -9%

Total L+SE         449,000   515,000 increase 15%

Explanation:

We will compare new year with the previous year, as percent.

(2017-2016)/2016

This will gives the variance per year

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