Financial information for Blevins Inc. is presented below. - 10364

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Question 3


 

 

 



Correct.

 

 

 

Financial information for Blevins Inc. is presented below.

 

 

 

December 31, 2012

 

December 31, 2011

 

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

 

 

Complete the schedule showing a horizontal analysis for 2012 using 2011 as the base year. (If amount is a decrease, use either a negative sign preceding the number eg -45 or parentheses eg (45). Round percentages to 1 decimal place, e.g. 10.5. List items in the order given in the question.)

 

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