The comparative balance sheets of First Solar Corporation are presented below. First Solar Corporation Comparative Condensed Balance Sheets December...

4.4 Ratings (600 Votes)

(a)

Horizontal analysis of the balance sheet data using 2017 as a base.

	2017	2018	Absolute change	% change
Assets
Current assets	80,000	90,000	10,000	12.5
Property, plant, and equipment (net)	90,000	95,400	5,400	6
Intangibles	40,000	33,600	- 6,400	- 16
Total assets	210,000	219,000	9,000	4.29
Liabilities and stockholders' equity
Current liabilities	48,000	58,320	10,320	21.5
Long-term liabilities	150,000	142,500	- 7,500	- 5
Stockholders' equity	12,000	18,180	6,180	51.5
Total liab & stockholders' equity	210,000	219,000	9,000	4.29

Absolute change = Current year figure - Previous year figure

% change = Absolute change/Previous year figure

(b)

Vertical analysis of the balance sheet data in columnar form for 2018.

	2018	% of Balance sheet total
Assets
Current assets	90,000	41.10
Property, plant, and equipment (net)	95,400	43.56
Intangibles	33,600	15.34
Total assets	219,000	100
Liabilities and stockholders' equity
Current liabilities	58,320	26.63
Long-term liabilities	142,500	65.07
Stockholders' equity	18,180	8.30
Total liab & stockholders' equity	219,000	100

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