Prepare a horizontal analysis of both the balance sheet andincome statement. ? Analysis Bal Sheet Analysis Inc Stmt ? Completethis question by entering your answers in the tabs below. Prepare ahorizontal analysis of the balance sheet. (Negative answers shouldbe indicated by a minus sign. Round your answers to 1 decimalplace. (i.e., .234 should be entered as 23.4).) Analysis Bal SheetAnalysis Inc Stmt $ $ $ $ $ $ $ $ STUART COMPANY HorizontalAnalysis of Balance Sheets 2019 2018 Percentage Change
Assets
Current assets
Cash 17,000 13,400 %
Marketable securities 21,200 7,900
Accounts receivable (net) 54,600 46,200
Inventories 136,000 144,100
Prepaid items 26,600 10,300
Total current assets 255,400 221,900
Investments 28,300 21,100
Plant (net) 270,500 255,700
Land 29,900 25,700
Total long-term assets 328,700 302,500
Total assets 584,100 524,400
Liabilities and Stockholders’ Equity Liabilities
Current liabilities Notes payable 15,400 5,200
Accounts payable 113,400 99,200
Salaries payable 19,300 14,100
Total current liabilities 148,100 118,500
Noncurrent liabilities
Bonds payable 99,500 99,500
Other 30,000 25,600
Total noncurrent liabilities 129,500 125,100
Total liabilities 277,600 243,600
Stockholders' equity
Preferred stock (par value $10, 4% cumulative, nonparticipating;6,400 shares authorized and issued) 64,000 64,000
Common stock (no par; 50,000 shares authorized; 10,000 sharesissued) 64,000 64,000
Retained earnings 178,500 152,800
Total stockholders' equity 306,500 280,800
Total liabilities & stockholders’ equity 584,100 524,400%
We have 2018 and 2019 amounts. Just need the third column whichwould all be percentages.
If question can't be understood please comment. ASAP.
