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Q1) Financial information for Blevins Inc. is given below.

 

December 31, 2009

December 31, 2008

Current assets

$125,000

$100,000

Plant assets (net)

396,000

330,000

Current liabilities

91,000

70,000

Long-term liabilities

133,000

95,000

Common stock, $1 par

161,000

115,000

Retained earnings

136,000

150,000

Make a schedule illustrating a horizontal analysis for 2009 using 2008 as base year.

Accounting Basics, Accounting

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