The comparative balance sheets of First Solar Corporation arepresented below.
First Solar Corporation
Comparative Condensed Balance Sheets
December 31
2018 2017
Assets
Currentassets $ 90,000 $80,000
Property, plant, and equipment(net) 95,400 90,000
Intangibles 33,600 40,000
Totalassets $219,000 $210,000
Liabilities and stockholders'equity
Currentliabilities $ 58,320 $48,000
Long-termliabilities 142,500 150,000
Stockholders'equity 18,180 12,000
Total liab & stockholders'equity $219,000 $210,000
Instructions
(a) Prepare a horizontal analysis ofthe balance sheet data using 2017 as a base.
(b) Prepare a vertical analysis of thebalance sheet data in columnar form for 2018.
