Condensed Data Taken from the Ledger of Crawford Company at December

question 78

Essay

Condensed data taken from the ledger of Crawford Company at December 31, 2013 and 2012, are as follows:
$\begin{array}{|c|c|l|}\hline2012&2013\\\hline \$ 180,000 & \$ 200,000 & \text { Current assets } \\\hline 400,000 & 450,000 & \text { Property, plant, and equipment } \\\hline 30,000 & 20,700 & \text { Intangible assets } \\\hline 80,000 & 70,000 & \text { Current liabilities } \\\hline 250,000 & 200,000 & \text { Long term liabilities } \\\hline 200,000 & 275,000 & \text { Common stock } \\\hline 80.000 & 25,700 &\text { Retained earnings } \\\hline \end{array}$ Prepare a comparative balance sheet, with horizontal analysis, for December 31, 2013 and 2012. (Round percents to one decimal place.)

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Definitions:

Intertemporal Indifference Curve

A graphical representation showing different combinations of consumption at two different points in time among which a consumer is indifferent, reflecting time preferences for consumption.

Interest Rate

The component of a loan that accrues interest to the borrower's account, conventionally shown as an annual percentage of the loan outstanding.

Consumption

The use of goods and services by households or individuals for personal satisfaction or needs.

Interest Rate

A cost, depicted as a proportion of the borrowed sum, which a lender demands from a borrower in exchange for asset usage.