Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Bam Owl, Inc. reported the following data: Increase (Decrease) Amount 2017 2016 Percentage (in millions) Assets Current assets: Cash Accounts receivable, net Merchandise inventory $7,200

image text in transcribed
image text in transcribed
image text in transcribed
Bam Owl, Inc. reported the following data: Increase (Decrease) Amount 2017 2016 Percentage (in millions) Assets Current assets: Cash Accounts receivable, net Merchandise inventory $7,200 16,800 $2,800 (1,200) 7,000 8,600 38.9% $10,000 (7.1)% 15,600 38,000 63,600 22.6% 15.6% 31,000 55,000 168,000 27,100 Total current assets 27,000 16.1% Property, plant and equipment, net Other long - term assets 195,000 (44.6%) (12,100) 15,000 O A. increased by $2,400 O B. increased by $22,500 C. decreased by $2,400 OD. increased by $23,700 Click to select your answer. MacBook Air Property, plant and equipment, net Other long - term assets Total assets Liabilities Current labilities: Accounts payable 195,000 168,000 27,000 16.1% 15,000 $273,600 27,100 $250,100 (12,100 $23,500 (44.6%) 9.4% $8,500 1,400 9.900 54,500 $64,400 $7,300 3,800 $1,200 (2,400) (1,200) 23,700 $22,500 16.4% Other current labilities Total current liablities (63.2)% (10.8)% 11,100 Long - term notes payable Total liabilities Stockholders' Equity Common stock 30,800 $41,900 76.9% 53.7% $12,000 $12,000 $0 0.0% Paird-in canital in enes.ef nar 140 000 149 000 0.0% OA Increased by $2,400 O B. Increased by $22,500 OC. decreased by $2,400 O D. increased by $23,700 Click to select your answer. MacBook Air esc F3 F4 14 F7 2$ 4. #3 & 3 8 1,400 3,800 (2,400) (1,200 23,700 (63.2)% (10.8)% 76.9% Other current lablities Total current liabilities Long - term notes payable Total liabilities Stockholders' Equity 11,100 30,800 9,900 54,500 $64,400 $41,900 $22,500 53.7% Common stock $12,000 $12.000 0.0% Paid - in capital in excess of par Retained eamings Total stockholders' equity 149,000 149,000 47.200 0.0% 48,200 209.200 1,000 2.1% 208.200 1,000 48.0% 9.4% $250,100 $273,00 Total labilities and stockholders' equity $23,500 The horizontal analysis shows that the amount of total liabilities has OA. Increased by $2,400 OB. Increased by $22,500 Oc. decreased by $2,400 O D. increased by $23,700 Click to select your answer. MacBook Air esc F2 F3 44 F5 #3 &

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Global Strategy

Authors: Mike W. Peng

5th Edition

0357512367, 978-0357512364

Students also viewed these Accounting questions

Question

What are the APPROACHES TO HRM?

Answered: 1 week ago

Question

What do you mean by dual mode operation?

Answered: 1 week ago

Question

Explain the difference between `==` and `===` in JavaScript.

Answered: 1 week ago