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Throughout the project, you have been asked a number of questions relating to the Balance Sheet of ABC Company. Using the Balance Sheet found below, perform a horizontal analysis. Once complete, use your new version of the Balance Sheet to present and discuss the Balance Sheet of ABC Company using voice-over PowerPoint or YouTube.

How to use this formula.

Based on the inferences you make from your horizontal analysis, discuss any improvements and/or changes that may have occurred since the prior year. Consider addressing the items that the Board of Directors requested information on throughout the project: (1) Accounts Receivables and the process for uncollectible accounts; (2) Payroll Liabilities as well as other Current or Long-Term liabilities; and (3) the types of investments held by ABC Company. Keep in mind the intended audience of your presentation.

ABC Balance sheet

Property, plant and equipment, net		304,550	299,050
Intangible Assets		300	300
Total assets	$	601,475	533,515

Liabilities and Shareholders' Equity
Current Liabilities
Salaries Payable		85,000	61,950
FICA-Social Security Taxes Payable		10,540	7,682
FICA-Medicare Taxes Payable		2,465	1,797
Employee Federal Income Taxes Payable		8,500	6,000
State Unemployment Taxes Payable		756	540
Federal Unemployment Taxes Payable		84	60
Notes payable or current portion of long-term debt	$	24,000	24,000
Accounts payable		14,030	17,050
Total current liabilities		145,375	119,079

Long-term debt		104,400	128,400
Total liabilities	$	249,775	247,479
Shareholders' equity
Common stock, $10 per value; 50,000 shares authorized; 20,000 shares issued and outstanding		200,000	200,000
Retained earnings		151,700	86,036
Total shareholders' equity		351,700	286,036
Total liabilities and shareholders' equity	$	601,475	533,515

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