Horizontal analysis

Mary Lynn Corporation has been operating for several years. Selected data from the 20X1
and 20X2 financial statements follow.

20X2		20X1
Current Assets	$76,000		$80,000
Property, Plant, and Equipment (net)	99,000		90,000
Intangibles	25,000		50,000
Current Liabilities	40,800		48,000
Long-Term Liabilities	143,000		160,000
Stockholders’ Equity	16,200		12,000
Net Sales	500,000		500,000
Cost of Goods Sold	332,500		350,000
Operating Expenses	93,500		85,000

Prepare a horizontal analysis for 20X1 and 20X2. Briefly comment on the results of your work.

Is this the question you were looking for? If so, place your order here to get started!