Option B is correct because net increase in total liability is 22500. Long term notes has increased by 23700 and total current liabilities have decreased by 1200 thus giving a net increase of 22500 in total liabilities
Bam Owl, Inc. reported the following data: Increase (Decrease) Amount 2017 2016 Percentage (in millions) Assets...
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...
Horizontal Analysis Increase (Decrease) in the Current year (versus Previous year) Amount Percentage Current Year Previous Year $ % Income Statement Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Interest Expense Income before Income Tax Expense Income Tax Expense (30%) Net Income Balance Sheet Cash Accounts Receivable. Net 122,000 54,400 67,600 35,000 3,800 28,800 8,640 20,160 107,400 49,200 58,200 32,200 3,800 22,200 6,660 15,540 $ 15,000 5,200 9,400 2,800 0 46,600 1,980 $ 4,620 13.6 10.6 16.2 8.1...
Ch 1 1. Given the following dat Dec 31 Year 2 Dec 31 Year 1 Total liabilities S128,250 $120,000 Total stockholders oquity 95.000 80.000 compute the ratio of liabilities to stockholders' equity for each year Round to two decimal places 1.50 and 107, 11.35 and 1.50 respectively respectively 1.07 and 1.19. 1.1.19 and 1.35 respectively respectively The liabilities and stockholder's equity of a company are $132,000 and $244.000, respectively. Assets should equal SS188.00 $132.00 p $376,00 12.000 A financial statement...