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Problem 24-4 (Part Level Submission) Presented below is the comparative balance sheet for Swifty Company SWIFTY COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2018
Problem 24-4 (Part Level Submission) Presented below is the comparative balance sheet for Swifty Company SWIFTY COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2018 AND 2017 December 31 2018 2017 Assets Cash Accounts receivable (net) Short-term investments Inventories Prepaid expenses Plant & equipment Accumulated depreciation $178,300 219,900 269,400 1,069,600 24,900 2,604,600 $276,000 154,300 149,700 982,200 24,900 1,968,800 (990,000)(752,100) $3,376,700 $2,803,800 Liabilities and Stockholders' Equity Accounts payable Accrued expenses Bonds payable Capital stock Retained earnings $49,900 170,100 446,600 $74,700 198,600 188,900 109,800 ,777,900 563,700 $3,376,700 $2,803,800 600,300 (a) Prepare a comparative balance sheet of Swifty Company showing the percent each item is of the total assets or total liabilities and stockholders' equity. (Round percentages to 2 decimal places, e.g. 2.25%. For accumulated depreciation, enter percentages using either a negative sign preceding the number e.g.-2.25% or parentheses eg, (2.25)%.) SWIFTY COMPANY Comparative Balance Sheet December 31, 2018 and 2017 December 31 2018 2017 % $276,000 154,300 149,700 % 982,200 24,900 % 1,968,800 Cash Accounts receivable (net) Short-term investments $178,300 219,900 269,400 1,069,600 24,900 2,604,600 (990,000) Prepaid expenses Plant and equipment Accumulated depreciation (752,100 ) % 3,376,700 % $2,803,800 Total Liabilities and Stockholders' Equity Accounts payable Accrued expenses Bonds payable Capital stock Retained earnings $49,900 170,100 446,600 2,109,800 600,300 3,376,700 $74,700 198,600 188,900 % 1,777,900 563,700 % $2,803,800 Total
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