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Kimmel, Accounting, 6e Help I System Announcements SPLISH BROTHERS INC. Condensed Balance Sheet May 31...

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Kimmel, Accounting, 6e Help I System Announcements SPLISH BROTHERS INC. Condensed Balance Sheet May 31 ($ in millions) 2017 2016 Assets Current Assets Property, plant, and equipment (net) Other assets Total assets Liabilities and Stockholders' Equity Current Liabilties Long-term liabilities Stockholders' equity Total Babilities and stockholders' equity (a) Prepare a horizontal analysis of the balance sheet data for Splish Brothers, using 2016 as a base. (If amoun 9,580 $8,770 1,810 1,800 1,540 1,670 $12,930 $12,240 $3,150 $3,320 1,320 1,370 8,460 7,550 $12,930 $12,240 e.g. 12.1%.) SPLISH BROTHERS INC. Condensed Balance Sheet May 31 ($ in millions) Percentage Change from 2013 2017 2016 (Decrease) Assets Current Assets Property, plant, and equipment (net) Other assets Total assets $9,580 $8,770 1,810 1,800 1,540 1,670 $12,930 $12,240 Liabilities and Stockholders Equity Current Liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity $3,150 $3,320$ 1,320 1,370 8,4607,550 $12,930 $12.240 s

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