please answer question #5. the previous answer was incorrect.

5. What is the most significant trend based on your horizontal analysis over this three-year period? Why? 12 Months Ended Horizontal Analysis Consolidated Balance Sheets - USD ($) $ in Thousands Dec. 31, 2018 Dec. 31, 2017 S Change 2017 to 2018 % Change 2017 to 2018 $208,694.00 -88.68% 1 Current assets Cash and cash equivalents $26,642 $235,336 Receivables (net of allowance for doubtful accounts of $15,905 and $12,221, respectively) $138,018 $125,870 Income taxes receivable $10,122 $0 Notes receivable, net of allowances $36,759 $13,256 Other current assets $32,243 $25,967 Total current assets $243,784 $400,429 Property and equipment, at cost, net $127,535 $83,374 Goodwill $168,996 $80,757 Intangible assets, net $271,188 $100,492 Notes receivable, net of allowances $83,440 $80,136 Investments, employee benefit plans, at fair value $19,398 $20,838 Investments in unconsolidated entities $109,016 $134,226 Deferred income taxes $30,613 $27,224 Other assets $84,400 $67,715 Total assets $1,138,370 $995,191 Instructions 10-K Document Questions Balance Sheet Income Statement Statement of Cash Flows $12,148.00 $10,122.00 $23,503. 00 $6,276.00 -$156,645.00 $44,161.00 $88,239.00 $170,696.00 $3,304.00 -$1,440.00 -$25,210.00 $3,389.00 $16,685.00 $143,179.00 Ratio Analysis 9.65% 0.00% 77.30% 24.17% -39.12% 52.97% 109.26% 169.86% 4.12% -6.91% -18.78% 12.45% 24.64% 14.39% Type here to search Current liabilities Accounts payable $73,511 $67,839 Accrued expenses and other current liabilities $92,651 $84,315 Deferred Revenue $67,614 $52,142 Liability for guest loyalty program $83,566 $79,123 Current portion of long-term debt $1,097 $1,232 Total current liabilities $318,439 $284,651 Long-term debt $753,514 $725,292 Long-term portion $110,278 $98,459 Deferred compensation and retirement plan obligations $24,212 $25,566 Income taxes payable $26,276 $29,041 Deferred income taxes $0 $39 Liability for guest loyalty program $52,327 $48,701 Other liabilities $37,096 $42,043 Total liabilities $1,322,142 $1,253,792 Commitments and Contingencies Common stock, $0.01 par value; 160,000,000 shares authorized: 95,065,638 shares issued at December 31, 2018 and December 31, 2017; 55,679,207 and 56,679,968 shares outstanding at December 31, 2018 and December 31, 2017, respectively $951 $951 Additional paid-in-capital $213,170 $182,448 Instructions 10-K Document Questions Balance Sheet Income Statement Statement of Cash Flows $5,672.00 $8,336.00 $15,472.00 $4,443.00 $135.00 $33,788.00 $28,222.00 $11,819.00 -$1,354.00 -$2,765.00 -$39.00 + $3,626.00 -$4,947.00 $68,350.00 8.36% 9.89% 29.67% 5.62% -10.96% 11.87% 3.89% 12.00% -5.30% -9.52% -100.00% 7.45% - 1177.00% 5.45% $0.00 $30,722.00 Ratio Analysis 0.00% 16.84% O Type here to search Ate LB. e w * 68% Home Insert Page Layout Formulas Data Review View Help Search Calibri 11 == A A A 2 Wrap Text Merge & Center - General $ %, 48- 0 D Cell Styles Insert 22 Delete- Format BIU Conditional Format as Formatting Table Styles Font Alignment Number Cells -$5,446 -$4,699 -$747.00 15.90% Accumulated other comprehensive loss Treasury stock, at cost; 39,386,431 and 38,385,670 shares at December 31, 2018 and December 31, 2017, respectively Retained earnings Total shareholders' deficit Total liabilities and shareholders' deficit -$1,187,625 $795,178 $183,772 $1,138,370 -$1,064,573 $627,272 -$258,601 $995,191 -$123,052.00 $167,906.00 $74,829.00 $143,179.00 11.56% 26.77% -28.94% 14.39% Questions: 1. Choice Hotels works with franchisees who operate hotels under one of the Choice Hotels' brands such as Cambria Hotels, Sleep Inn, and Econo Lodge. T account called Property and equipment, at cost, net. What is Property and equipment, at cost, net and why was there a significant difference from 2017 to Property, plant and equipment, at cost, net refers to the sum of tangible fixed assets held/owned by the company which are valued at historical cost of the asset and less depreciation till date. From 2017 2018 it has increased by $44161 which could be due to purchase or addition of property, plant and equipment during the year