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Net income
$ 60,000

$ 52,000

Instructions
a.
Prepare a horizontal analysis of the income statement data for
Emley Corporation using 2016 as a base. (Show the amounts of
increase or decrease.
b. Prepare a vertical analysis of the income statement data for
Emley Corporation in columnar form for both years.
E14-7
Frizell Company has the following comparative balance sheet data.

FRIZELL COMPANY
Balance Sheets
December 31
2017
Cash
30,000

$ 15,000

Accounts receivable (net)
60,000

70,000

Inventory
50,000

60,000

Plant assets (net)
180,000

200,000

2016
$