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  3. _______5. happy days, inc. comparative balance sh

_______5. Happy Days, Inc. Comparative Balance Sheet June 30, 2019 and 2018 Assets Increase (Decrease) 2018 2017 Amount Percent Current assets $256,000 $190,000 Property, plant, and equipment 428,000 405,000 Intangible assets 24,000 32,000 Total...

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Accounting

_______5.

Happy Days, Inc.

Comparative Balance Sheet

June 30, 2019 and 2018

Assets

Increase (Decrease)

2018

2017

Amount

Percent

Current assets

$256,000

$190,000

Property, plant, and equipment

428,000

405,000

Intangible assets

24,000

32,000

Total Assets

$708,000

$81,000

12.9%

Liabilities

Current liabilities

$81,000

$89,000

Long-term liabilities

235,000

275,000

Total Liabilities

$316,000

$(48,000)

(13.2%)

Stockholders’ Equity

Common stock

$276,000

$210,000

Retained earnings

116,000

53,000

Total Stockholders’ Equity

$392,000

$129,000

49.0%

Total Liabilities & Stockholders’ Equity

$708,000

$81,000

12.9%

  1. Prepare a comparative balance sheet (horizontalanalysis) for June 30, 2019 and 2018. (Round percentagesto one decimal place.)
  1. Interpret your findings: Focus on two accounts you find mostinteresting and explain why. What may have caused the accounts tochange?

  1. Vertical Analysis: In 2019: Current Assets are what % of TotalAssets?   _____________

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