Condensed Data Taken from the Ledger of Crawford Company at December

question 4

Essay

Condensed data taken from the ledger of Crawford Company at December 31, 2017 and 2016, are as follows: $\begin{array}{lrr}&2017&2016\\\text { Current assets } & \$ 200,000 & \$ 180,000 \\\text { Property, plant, and equipment } & 450,000 & 400,000 \\\text { Intangible assets } & 20,700 & 30,000\\\text { Current liabilities } & 70,000 & 80,000 \\\text { Long-term liabilities } & 200,000 & 250,000 \\\text { Common stock } & 275,000 & 200,000 \\\text { Retained earnings } & 125,700 & 80,000\end{array}$ ?
Prepare a comparative balance sheet, with horizontal analysis, for December 31, 2017 and 2016.(Round percents to one decimal place.)

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Definitions:

Experience-curve Pricing

A pricing strategy that takes into account the decreased costs associated with increased production experience and volume.

Profit-oriented Approaches

Business strategies aimed at maximizing profit margins and financial outcomes.

Revenue

The total amount of money that a company receives from its activities, usually from the sale of goods and services to customers, before any expenses are subtracted.

Self-mutilation

The act of deliberately hurting one’s own body without intending to cause death, often as a way to cope with emotional pain.