Instructions
� Prepare a horizontal analysis of the income statement data for Emley Corporation using 2016 as a base.( Show the amounts of increase or decrease.
� 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
2016
2017
Accounts receivable( net) 70,000 60,000
Inventory 60,000 50,000
Plant assets( net) 200,000 180,000
$ 320,000
$ 345,000