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Exercise 14-1 Financial information for Kurzen Inc. is presented below December 31, 2017 December 31,...

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Accounting

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Exercise 14-1 Financial information for Kurzen Inc. is presented below December 31, 2017 December 31, 2016 Current assets $124,400 $100,600 Plant assets (net) 394,200 333,500 70,200 Current liabilities 87,800 Long-term liabilities Common stock, $1 par Retained earnings 137,800 86,000 166,400 119,000 126,600 158,900 Prepare a schedule showing a horizontal analysis for 2017 using 2016 as the base year (Enter negative amounts and percentages using elther a negative sign preceding the number e.g.-45,-459% or parentheses e.g. (45), (45%). Round percentages to 1 decimal place, e.g. 12.3%.) KURZEN INC Condensed Balance Sheets Increase or (Decrease) 2017 2016 Amount Percentage Assets Current assets $124,400 $100,600 $ % Plant assets (net) 394,200 333,500 % Total assets $518,600 $434,100 % Liabilities Current liabilities $87,800 $70,200 % Long-term liabilities 137,800 6,000 % Total liabilities 225,600 156,200 % Stockholders' Equity Common stock, $1 par 166,400 119,000 % Retained earnings 126,600 158,900 % Total stockholders' equity 293,000 277,900 % Total liabilities and stockholders' equity $518,600 $434,100

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