XACC 280 Exercise 15-1 (E15-1) Financial information for Blevins Inc

XACC 280 Exercise 15-1 (E15-1) Financial information for
Blevins Inc. is presented below

Axia College of University of Phoenix (UoP)

Principles of Accounting: Weygandt, J. J., Kimmel, P. D.,
& Kieso, D. E. (2008). Financial Accounting (6th ed.). Hoboken, NJ: Wiley.

Exercise 15-1 (E15-1) Financial information for Blevins Inc.
is presented below.

December 31, 2009
December 31, 2008

Current assets $125,000 $100,000

Plant assets (net) 396,000 330,000

Current liabilities 91,000 70,000

Long-term liabilities 133,000 95,000

Common stock, $1 par 161,000 115,000

Retained earnings 136,000 150,000

Instructions

Prepare a schedule showing a horizontal analysis for 2009
using 2008 as the base year.