Summary financial information for Paragon Company is as follows. Dec. 31, 2014 Dec. 31, 2013 Current assets $ 203,600 $ 254,000 Plant assets 1,397,000 831,700 Total assets $1,600,600 $1,085,700 Compute the amount and percentage changes in 2014 using horizontal analysis, assuming 2013 is the base year. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 0 decimal places, e.g. 12%.) Amount Percent Current assets $ % Plant assets % Total assets $ %

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Answer:

Current assets:

Amount = 2014 value - 2013 value

             = $203,600 - $254,000

             = -($50,400) (Negative)

percentage changes = [tex]\frac{Amount}{2013\ value}\times100[/tex]

                                    = [tex]\frac{50,400}{254,000}\times100[/tex]

                                    = (19.84)%

Plant assets:

Amount = 2014 value - 2013 value

             = $1,397,000 - $831,700

             = $565,300

percentage changes = [tex]\frac{Amount}{2013\ value}\times100[/tex]

                                    = [tex]\frac{565,300}{831,700}\times100[/tex]

                                    = 67.96%

Total assets:

Amount = 2014 value - 2013 value

             = $1,600,600 - $1,085,700

             = $514,900

percentage changes = [tex]\frac{Amount}{2013\ value}\times100[/tex]

                                    = [tex]\frac{514,900}{1,085,700}\times100[/tex]

                                    = 47.42%