Problem - Prepare a schedule showing a vertical analysis for 2012 and 2011.
The comparative condensed balance sheets of Conard Corporation are presented below:
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CONARD CORPORATION Comparative Condensed Balance Sheets December 31
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2012
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2011
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Assets
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Current assets
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$74,000
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$80,000
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Property, plant, and equipment (net)
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99,000
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90,000
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Intangibles
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27,000
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40,000
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Total assets
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$200,000
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$210,000
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Liabilities and stockholders' equity
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Current liabilities
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$42,000
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$48,000
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Long-term liabilities
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143,000
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150,000
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Stockholders' equity
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15,000
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12,000
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Total liabilities and stockholders' equity
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$200,000
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$210,000
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Instructions -
(a) Prepare a horizontal analysis of the balance sheet data for Conard Corporation using 2011 as a base.
(b) Prepare a vertical analysis of the balance sheet data for Conard Corporation in columnar form for 2012.