Question

10 of 18 (9 complete) e following amounts on its balance sheet at December 31, 2016 and 2015: Data Table 2016 31,460 $ 21,560 Cash and Receivables Merchandise Inventory Property, Plant, and Equipment, Net Total Assets 2015 33.480 9,180 47,340 90,000 56.980 110,000 $ Print Done edit fields and then continue to the next question

Answer 1

Mariner Optical Company
Balance Sheet (partial)
December 31, 2016 and 2015
	2016	Percent of Total	2015	Percent of Total
Cash and Receivables	31,460	31,460/110,000 = 28.60%	33,480	33,480/90,000= 37.20%
Merchandise Inventory	21,560	21,560/110,000 = 19.60%	9,180	9,180/90,000 = 10.20%
Property, Plant and Equipment, Net	56,980	56,980/110,000 = 51.80%	47,340	47,340/90,000 = 52.60%
Total Assets	$110,000	100%	$90,000	100%

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