able[[Burrberry Company Balance Sheet December 31, 2017],[,2017,2018],[ASSETS,$,$],[Current assets],[Cash,2,100,2415],[Petty cash,100,125],[Temporary investments,10,000,8500],[Accounts receivable - net,40,500,56700],[Inventory,31,000,41850],[Supplies,3,800,3610],[Prepaid insurance,1,500,1725],[Total current assets,89,000,114925],[Investments,36,000,55800],[Property, plant & equipment:],[Land,5,500,6600],[Land improvements,6,500,8125],[Buildings,180,000,252000],[Equipment,201000,180900],[Less: accum depreciation,-56,000,-67200],[Prop, plant & equip - net,337,000,380425],[Intangible assets:],[Goodwill,105,000,105000],[Trade names,200,000,200000],[Total intangible assets,305,000,305000],[Other assets,3,000,3450],[Total assets,$770,000,859600],[,,],[LIABILITIES,$,],[Current liabilities],[Notes payable,5,000,6250],[Accounts payable,35,900,52055],[Wages payable,8,500,8330],[Interest payable,2,900,3335],[Taxes payable,6,100,8235],[Warranty liability,1,100,1265],[Unearned revenues,1,500,1875],[Total current liabilities,61,000,81345],[Long-term liabilities],[Notes payable,20,000,50000],[Bonds payable,400,000,320000],[Total long-term liabilities,420,000,370000],[Total liabilities,481,000,451345],[,,],[STOCKHOLDERS' EQUITY],[Common stock,110,000,137500],[Retained earnings,220,000,319000],[Accum other comprehensive income,9,000,14225],[Less: Treasury stock,-50,000,-62470],[Total stockholders' equity,289,000,408255],[Total liabilities & stockholders' equi,$770,000,859600],[The notes to the sample balance sheet have been omitted.],[Determine the performance of company using:],[a) vertical analysis,,],[b) horizontal analysis,,]]
Burrberry Company Balance Sheet December 31,2017 2017 2018 ASSETS S S Current assets Cash 2,100 2415 Petty cash 100 125 Temporary investments 10,000 8500 Accounts receivable - net 40,500 56700 Inventory 31,000 41850 Supplies 3,800 3610 Prepaid insurance 1,500 1725 Total current assets 89,000 114925 Investments 36,000 55800]
Property, plant & equipment: Land Land improvements Buildings Equipment Less: accum depreciation Prop, plant & equip - net Intangible assets: Goodwill Trade names Total intangible assets
5,500 6,500 180,000 201000 -56,000| 337,000
6600 8125 252000 180900 -67200| 380425
105,000 200,000 305,000
105000 200000 305000
Other assets Total assets
3,000 $ 770,000
3450 859600
LIABILITIES Current liabilities Notes payable Accounts payable Wages payable Interest payable Taxes payable Warranty liability Unearned revenues Total current liabilities Long-term liabilities Notes payable Bonds payable Total long-term liabilities
S
5,000 35,900 8,500 2,900 6,100 1,100 1,500 61,000
6250 52055 8330 3335 8235 1265 1875 81345
20,000 400,000 420,000
50000 320000 370000
Total liabilities
481,000
451345
STOCKHOLDERS'EQUITY Common stock Retained earnings Accum other comprehensive income Less: Treasury stock Total stockholders' equity Total liabilities & stockholders' equi
110,000 220,000 9,000 -50,000 289,000 $ 770,000
137500 319000 14225 -62470 408255 859600
The notes to the sample balance sheet have been omitted.
Determine the performance of company using: a) vertical analysis b) horizontal analysis