Question

night​ Owl, Inc. reported the following​ data: Increase​ (Decrease) ​(in millions) 2019 2018 Amount Percentage Assets   Current​ assets:     Cash ​$10,000 ​$7,200 ​$2,800 ​38.9%     Accounts​ receivable, net ​15,600 ​16,800 ​(1,200) ​(7.1)%     Merchandise inventory ​38,000 ​31,000 ​7,000 ​22.6%   Total current assets ​63,600 ​55,000 ​8,600 ​15.6% ​ Property, plant and​ equipment, net ​195,000 ​168,000 ​27,000 ​16.1%   Other​ long-term assets ​15,000 ​27,100 ​(12,100) ​(44.6%)   Total assets ​$273,600 ​$250,100 ​$23,500 ​9.4% Liabilities   Current​ liabilities:   Accounts payable ​$8500 ​$7,300 ​$1,200 ​16.4%   Other current liabilities ​1,100 ​3,900 ​(2,800) ​(71.8)%   Total current liabilities ​9,600 ​11,200 ​(1,600) ​(14.3)% ​Long-term notes payable ​54,700 ​30,100 ​24,600 ​81.7% Total liabilities ​$64,300 ​$41,300 ​$23,000 ​55.7% ​Stockholders' Equity Common stock ​$12,000 ​$12,000 ​$0 ​0.0% ​Paid-in capital in excess of par ​149,000 ​149,000 0 ​0.0% Retained earnings ​48,300 ​47,800 500 ​1% Total​ stockholders' equity ​209,300 ​208,800 500   ​0.2% Total liabilities and​ stockholders' equity ​$273,600 ​$250,100 ​$23,500 ​9.4% The horizontal analysis shows that the amount of total liabilities has​ __________.

Answer 1

The horizontal analysis shows that the amount of total liabilities has increased by $23,000