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PLEASE NO WRITTEN WORK, please show work so I can understand and fully complete problem. The balance sheet of the Blanchet Corporation is as follows:
PLEASE NO WRITTEN WORK, please show work so I can understand and fully complete problem.
The balance sheet of the Blanchet Corporation is as follows: After preparing a horizontal analysis of Blanchet Corporation's balance sheet for 2019, what are some observations you can make? Blanchet Corporation Balance Sheet At December 31 Assets 2019 2018 Current $60 10 60 108 12 250 Property, plant, and equipment at carrying amount170 S420 Cash Short-term investments Accounts receivable Merchandise inventories Prepaid expenses $10 20 40 120 10 200 180 $380 Total assets Liabilities Current Accounts payable Accrued liabilities 100 $80 10 90 20 120 50 Non-current borrowings 30 120 170 Stockholders' Equity Common stock (10 shares outstanding) Retained earnings 150 150 100 110 250260 420 $380 Total liabilities and stockholders' equityStep by Step Solution
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