Data for Nobell Inc. is as follows:                                           Nobell Inc.                             Comparative Balance Sheet                            December 31, 2018 and 2017                                                                                                                                                                      2018                  2017 Assets Current Assets: Cash                                                $121,000            $100,000 Accounts Receivables, Net               117,000              125,000 Merchandise Inventory                     70,000                85,000 Total Assets                                     $308,000           $310,000 Liabilities Total Current Liabilities                      63,500             50,000 Long-term Liabilities                       100,000             100,000 Total Liabilities                                 163,500             150,000 Stockholders' Equity Retained Earnings                             94,500            110,000 Common Stockholders' Equity          50,000             50,000 Total Liabilities and Stockholders'   $308,000          $310,000 Equity Prepare a horizontal analysis of the comparative balance sheet of Nobell Inc. Round percentage changes to one decimal place.

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Chapter1: Financial Statements And Business Decisions
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Data for Nobell Inc. is as follows:

                                          Nobell Inc.

                            Comparative Balance Sheet

                           December 31, 2018 and 2017

                                                                                                                                                                     2018                  2017

Assets

Current Assets:

Cash                                                $121,000            $100,000

Accounts Receivables, Net               117,000              125,000

Merchandise Inventory                     70,000                85,000

Total Assets                                     $308,000           $310,000

Liabilities

Total Current Liabilities                      63,500             50,000

Long-term Liabilities                       100,000             100,000

Total Liabilities                                 163,500             150,000

Stockholders' Equity

Retained Earnings                             94,500            110,000

Common Stockholders' Equity          50,000             50,000

Total Liabilities and Stockholders'   $308,000          $310,000

Equity

Prepare a horizontal analysis of the comparative balance sheet of Nobell Inc. Round percentage changes to one decimal place.

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