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2017 PART 5: HORIZONTAL ANALYSIS: 15 POINTS Data for Dobell Inc. is as follows: Nabal Inc. Comparative Balance Sheet December 31, 2018 and 2017 2018
2017 PART 5: HORIZONTAL ANALYSIS: 15 POINTS Data for Dobell Inc. is as follows: Nabal Inc. Comparative Balance Sheet December 31, 2018 and 2017 2018 Assets Current Assets: Cash $121,000 $100,000 Accounts Receivables, Net 117,000 125,000 Merchandise Inventory 20,000 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' Equity S308.000 $310.000 Prepare a horizontal analysis of the comparative balance sheet of Nobel Inc. Round percentage changes to one decimal place
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