Homework Answers
| 2017 | 2016 | amount | percentage | working | |
| assets | |||||
| current assets | 109,200 | 93,500 | 15,700 | 16.8% | (15,700/93,500)*100=>16.8% |
| plant assets (net) | 403,500 | 353,200 | 50,300 | 14.2% | (50,300/353,200)*100=>14.2% |
| total assets | 512,700 | 446,700 | 66,000 | 14.8% | (66,000/446,700)*100=>14.8% |
| liabilities | |||||
| current liabilities | 102,500 | 68,200 | 34,300 | 50.3% | (34,300/68,200)*100=>50.3% |
| longterm Liabilities | 125,200 | 93,500 | 31,700 | 33.9% | (31,700/93,500)*100=>33.9% |
| total liabilities | 227,700 | 161,700 | 66,000 | 40.8% | (66,000/161,7000*100=>40.8% |
| stock holders equity | |||||
| common stock, $1 | 133,200 | 118,200 | 15,000 | 12.7% | (15,000/118,200)=>12.7% |
| retained earnings | 151,800 | 166,800 | (15,000) | (9.0%) | (-15,000/166,800)=9% |
| Total stockholders equity | 285,000 | 285,000 | nil | nil | |
| total liabilities and stock holders equity | 512,700 | 446,700 | 66,000 | 14.8% | (66,000/446,700)*100=>14.8% |
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Exercise 13-3
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Exercise 13-3
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