Question
Atlantis Inc. reported the following data: Increase (Decrease) (in millions) 2015 2014 Amount Percentage Assets Current Assets: Cash $10,000 $7,200 $2,800 38.9% Accounts Receivable, net
Atlantis Inc. reported the following data:
Increase (Decrease) | ||||
(in millions) | 2015 | 2014 | 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 | $8,500 | $7,300 | $1,200 | 16.4% |
Other current liabilities | 1,400 | 3,900 | (2,500) | (64.1%) |
Total current liabilities | 9,900 | 11,200 | (1,300) | (11.6%) |
Long term notes payable | 54,000 | 30,000 | 24,000 | 80.0% |
Total liabilities | $63,900 | 41,200 | $22,700 | 55.1% |
Stockholders Equity |
|
|
|
|
Common stock | $12,000 | $12,000 | $0 | 0.0% |
Paid in capital in excess of par | $149,000 | 149,000 | 0 | 0.0% |
Retained earnings | 48,700 | 47,900 | 800 | 1.7% |
Total stockholders equity | $209,700 | $208,000 | $800 | 0.4% |
Total liabilities and stockholders equity | $273,600 | $250,100 | $23,500 | 9.4% |
The horizontal report shows that the amount of total liabilities has:
increased by $2,500.
decreased by $2,500.
increased by $22,700.
increased by $24,000.
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