complete a horizontal analysis for brown company. (negative answers should be indicated by a minus sign. leave no cells blank - be certain to enter "0" wherever required. round the "percent" answers to the nearest hundredth percent.) Current assets: 2020 2019 Increase (decrease) amount? Percent? Cash $14,150 $9,300 ?? Accounts receivable 16,950 12,800 ?? Merchandise inventory 18,050 21,450 ?? Prepaid advertising 52,600 43,950 ?? Total current assets $101,750 $87,500 ?? Plant and equipment: Building (net) $119,300 $124,950 ?? Land 86,500 86,500 ?? Total plant and equipment $205,800 $211,450 ?? Total assets $307,550 $298,950 ?? Liabilities Current liabilities: Accounts payable $130,950 $119,300 ?? Salaries payable 21,450 17,300 ?? Total current liabilities $152,400 $136,600 ?? Long-term liabilities: Mortgage note payable 97,950 86,300 ?? Current assets: Cash $14,150 $9,300 ?? Accounts receivable 16,950 12,800 ?? Merchandise inventory 18,050 21,450 ?? Prepaid advertising 52,600 43,950 ?? Total current assets $101,750 $87,500 ?? Plant and equipment: Building (net) $119,300 $124,950 ?? Land 86,500 86,500 ?? Total plant and equipment $205,800 $211,450 ?? Total assets $307,550 $298,950 ?? Liabilities Current liabilities: Accounts payable $130,950 $119,300 ?? Salaries payable 21,450 17,300 ?? Total current liabilities $152,400 $136,600 ?? Long-term liabilities: Mortgage note payable 97,950 86,300 ?? Owner’s Equity J. Brown, capital 57,200 76,050 ?? Total liabilities and owner’s equity $307,550 $298,950 ??
complete a horizontal analysis for brown company. (negative answers should be indicated by a minus sign. leave no cells blank - be certain to enter "0" wherever required. round the "percent" answers to the nearest hundredth percent.) Current assets: 2020 2019 Increase (decrease) amount? Percent? Cash $14,150 $9,300 ?? Accounts receivable 16,950 12,800 ?? Merchandise inventory 18,050 21,450 ?? Prepaid advertising 52,600 43,950 ?? Total current assets $101,750 $87,500 ?? Plant and equipment: Building (net) $119,300 $124,950 ?? Land 86,500 86,500 ?? Total plant and equipment $205,800 $211,450 ?? Total assets $307,550 $298,950 ?? Liabilities Current liabilities: Accounts payable $130,950 $119,300 ?? Salaries payable 21,450 17,300 ?? Total current liabilities $152,400 $136,600 ?? Long-term liabilities: Mortgage note payable 97,950 86,300 ?? Current assets: Cash $14,150 $9,300 ?? Accounts receivable 16,950 12,800 ?? Merchandise inventory 18,050 21,450 ?? Prepaid advertising 52,600 43,950 ?? Total current assets $101,750 $87,500 ?? Plant and equipment: Building (net) $119,300 $124,950 ?? Land 86,500 86,500 ?? Total plant and equipment $205,800 $211,450 ?? Total assets $307,550 $298,950 ?? Liabilities Current liabilities: Accounts payable $130,950 $119,300 ?? Salaries payable 21,450 17,300 ?? Total current liabilities $152,400 $136,600 ?? Long-term liabilities: Mortgage note payable 97,950 86,300 ?? Owner’s Equity J. Brown, capital 57,200 76,050 ?? Total liabilities and owner’s equity $307,550 $298,950 ??
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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complete a horizontal analysis for brown company. (negative answers should be indicated by a minus sign. leave no cells blank - be certain to enter "0" wherever required. round the "percent" answers to the nearest hundredth percent.)
| Current assets: | 2020 | 2019 | Increase (decrease) amount? Percent? | |
| Cash | $14,150 | $9,300 |
??
|
|
| Accounts receivable | 16,950 | 12,800 |
??
|
|
| Merchandise inventory | 18,050 | 21,450 |
??
|
|
| Prepaid advertising | 52,600 | 43,950 |
??
|
|
| Total current assets | $101,750 | $87,500 |
??
|
|
| Plant and equipment: | ||||
| Building (net) | $119,300 | $124,950 |
??
|
|
| Land | 86,500 | 86,500 |
??
|
|
| Total plant and equipment | $205,800 | $211,450 |
??
|
|
| Total assets | $307,550 | $298,950 |
??
|
|
| Liabilities | ||||
| Current liabilities: | ||||
| Accounts payable | $130,950 | $119,300 |
??
|
|
| Salaries payable | 21,450 | 17,300 |
??
|
|
| Total current liabilities | $152,400 | $136,600 |
??
|
|
| Long-term liabilities: | ||||
| Mortgage note payable | 97,950 | 86,300 |
??
|
|
| Current assets: | ||||
| Cash | $14,150 | $9,300 |
??
|
|
| Accounts receivable | 16,950 | 12,800 |
??
|
|
| Merchandise inventory | 18,050 | 21,450 |
??
|
|
| Prepaid advertising | 52,600 | 43,950 |
??
|
|
| Total current assets | $101,750 | $87,500 |
??
|
|
| Plant and equipment: | ||||
| Building (net) | $119,300 | $124,950 |
??
|
|
| Land | 86,500 | 86,500 |
??
|
|
| Total plant and equipment | $205,800 | $211,450 |
??
|
|
| Total assets | $307,550 | $298,950 |
??
|
|
| Liabilities | ||||
| Current liabilities: | ||||
| Accounts payable | $130,950 | $119,300 |
??
|
|
| Salaries payable | 21,450 | 17,300 |
??
|
|
| Total current liabilities | $152,400 | $136,600 |
??
|
|
| Long-term liabilities: | ||||
| Mortgage note payable | 97,950 | 86,300 |
??
|
|
| Owner’s Equity | ||||
| J. Brown, capital | 57,200 | 76,050 |
??
|
|
| Total liabilities and owner’s equity | $307,550 | $298,950 | ?? |
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