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NEED ANSWERS TO RED BOXES + CALCULATIONS Exercise 23-12 L Your answer is partially correct. Try again. Condensed financial data of Pat Metheny Company for

NEED ANSWERS TO RED BOXES + CALCULATIONS

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Exercise 23-12 L Your answer is partially correct. Try again. Condensed financial data of Pat Metheny Company for 2014 and 2013 are presented below. PAT METHENY COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2014 AND 2013 2014 2013 $1,796 $1,100 Cash 1,753 Receivables 1,303 1,913 1,588 Inventory 1,896 1,701 Plant assets Accumulated depreciation (1,205) (1,166) 1,296 1,471 Long-term investments (held-to-maturity) $7,124 $6,322 $1,200 $787 Accounts payable Accrued liabilities 217 235 1,634 Bonds payable 1,416 1,895 Capital stock 1,701 2,396 1,965 Retained earnings $7,124 $6,322

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