Question
Question 3: Assets 2015 2016 2017 Current assets Cash $50,000 $65,000 57500 Short-term investments 69,000 50,000 59500 Accounts receivable (net) 117,800 102,800 110300 Inventory 123,000
Question 3:
Assets | 2015 | 2016 | 2017 |
Current assets | |||
Cash | $50,000 | $65,000 | 57500 |
Short-term investments | 69,000 | 50,000 | 59500 |
Accounts receivable (net) | 117,800 | 102,800 | 110300 |
Inventory | 123,000 | 115,000 | 119000 |
Total current assets | 359,800 | 332,800 | 346300 |
Plant assets (net) | 60,000 | 90,000 | 75000 |
Total assets | $419,800 | $422,800 | 421300 |
Liabilities and Stockholders Equity | |||
Current liabilities | |||
Accounts payable | $48,300 | $45,400 | 46850 |
Income taxes payable | 42,800 | 41,400 | 42100 |
Total current liabilities | 91,100 | 86,800 | 88950 |
Bonds payable | 20,000 | 20,000 | 20000 |
Total liabilities | 111,100 | 106,800 | 108950 |
Stockholders equity Common stock ($5 par) | 280,000 | 300,000 | 290000 |
Retained earnings | 28,700 | 16,000 | 22350 |
Total stockholders equity | 308,700 | 316,000 | 312350 |
Total liabilities and stockholders equity | $419,800 | $422,800 | 421300 |
Required:
Convert the dollar amount of given Balance sheet into percentage and compare both year with 2015. comment on the trend.
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