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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Here is financial information for Spangles Inc.
| Â | Â |
December 31, 2014 |
 |
December 31, 2013 |
| Current assets | Â | $110,630 | Â | $ 93,080 |
| Plant assets (net) | Â | 403,080 | Â | 354,630 |
| Current liabilities | Â | 102,080 | Â | 69,630 |
| Long-term liabilities | Â | 126,630 | Â | 93,080 |
| Common stock, $1 par | Â | 134,630 | Â | 119,630 |
| Retained earnings | Â | 150,370 | Â | 165,370 |
Prepare a schedule showing a horizontal analysis for 2014, using 2013 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%.)
|
SPANGLES INC. |
||||||||||
| Â | Â | Â | Â | Â | Â | Â |
Increase or (Decrease) |
|||
| Â | Â |
2014 |
 |
2013 |
 |  |
Amount |
 |
Percentage |
|
|
Assets |
 |  |  |  |  |  |  |  |  |  |
|
Current Assets |
 |
$110,630 |
 |
$93,080 |
 |  |
$ |
 |
|
% |
|
Plant assets (net) |
 |
403,080 |
 |
354,630 |
 |  |
|
 |
|
% |
|
   Total assets |
 |
$513,710 |
 |
$447,710 |
 |  |
$ |
 |
|
% |
|
Liabilities |
 |  |  |  |  |  |  |  |  |  |
|
Current Liabilities |
 |
$102,080 |
 |
$69,630 |
 |  |
$ |
 |
|
% |
|
Long-term liabilities |
 |
126,630 |
 |
93,080 |
 |  |
|
 |
|
% |
|
   Total liabilities |
 |
$228,710 |
 |
$162,710 |
 |  |
$ |
 |
|
% |
|
StockholdersAc€?c Equity |
 |  |  |  |  |  |  |  |  |  |
|
Common stock, $1 par |
 |
134,630 |
 |
119,630 |
 |  |
|
 |
|
% |
|
Retained earnings |
 |
150,370 |
 |
165,370 |
 |  |
|
 |
|
% |
|
   Total stockholdersAc€?c equity |
 |
285,000 |
 |
285,000 |
 |  |
|
 |
|
% |
|
   Total liabilities and stockholdersAc€?c equity |
 |
$513,710 |
 |
$447,710 |
 |  |
$ |
 |
|
% |
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