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*P24-48 (L013) (Horizontal and Vertical Analysis) Presented below are comparative balance sheets for the JMar Company, JMAR COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31,
*P24-48 (L013) (Horizontal and Vertical Analysis) Presented below are comparative balance sheets for the JMar Company, JMAR 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 Fixed assets Accumulated depreciation $ 65,000 368,000 420,000 619,000 20,000 2,816,000 (1,200,000) $3,108,000 $ 42,000 318,000 250,000 580,000 20,000 2,540,000 (1,000,000) $2,750,000 JMAR COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2018 AND 2017 (CONTINUED) Liabilities and Stockholders' Equity Accounts payable $ 185,000 Accrued expenses 90,000 Bonds payable 600,000 Capital stock 1,750,000 Retained earnings 483,000 $3,108,000 $ 340,000 75,000 480,000 1,550,000 305,000 $2,750,000 Instructions (Round to two decimal places.) (a) Prepare a comparative balance sheet of JMar Company showing the percent each item is of the total assets or total lia- bilities and stockholders' equity. (b) Prepare a comparative balance sheet of JMar Company showing the dollar change and the percent change for each item. (c) of what value is the additional information provided in part (a)? (d) of what value is the additional information provided in part (b)
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