View Policies Current Attempt in Progress These items are taken from the financial statements of Novak Corp. et December 31, 2017 Buildings $133.308 Accounts receivable 15.876 Prepaid insurance 4032 Cash 14,918 Equipment 103.824 Land 77.112 Insurance expense 983 Depreciation expense 6,678 Interest expense 3.276 Common stock 75.600 Retained earnings (January 1, 2017) 50.400 Accumulated depreciation-buildings 57,456 Accounts payable 11.970 Notes payable 117.936 Accumulated depreciation-equipment 23.587 Interest payable 4,536 Service revenue 18.522 Prepare a classified balance sheet. Assume that $17.136 of the hote Peace will be pa din 2018. Last currents in order or liquidity and property plant and equipment in order of land, buildings and equipment Novak Corp. Balance Sheet + Assets S LULL ALLMLLFIUBES Suppose the following items were taken from the 2017 financial statements of Texas Instruments, Inc. All dollars are in millions.) Common stock Prepaid rent Equipment Stock investments (long-term Debt investments (short-term) Income taxes payable Cash 52.770 170 6,710 730 1.730 170 1,340 Accumulated depreciation-equipment Accounts payable Patents Notes payable long-term Retained earnings Accounts receivable Inventory $2.460 1,050 2070 970 100 10 1070 Prepare a classified balance sheet in good form as of December 31, 2017 List current assets in order or liquidity) Texas Instruments, Inc. Balance Sheet (in millions) Assets 3 Question 5 of 6 -/1 E View Policies Current Attempt in Progress Using these data from the comparative balance sheet of Carla Vista Co. perform horizontal analysis. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000). (20%). Round percentages to 0 decimal places, eg. 12%) Dec 31, 2017 Increase or (Decrease) Percentage Dec. 31. 2016 Amount Accounts receivable $ 498,800 $430,000 $ 98 Inventory $ 676,260 $578.000 $ 96 Total assets $3,039,300 $2.763,000 96 e Textbook and Media Save for Later Using multiple attempts will impact your score 25% score reduction after attempt 3 Attempts: 0 of 4 used Submit Answer View Policies Current Attempt in Progress Using these data from the comparative balance sheet of Sunland Company, perform vertical analysis. (Round percentages to 1 decimal place, e.g. 12.5%.) Dec 31, 2017 Percentage Amount Dec 31, 2016 Percentage Amount Accounts receivable $ 407,160 $ 355,572 96 Inventory $ 726,624 $ 626,484 96 Total assets $3,132,000 $2.822.000 96 e Textbook and Media Save for later Using multiple attempts will impact your score. 25% score reduction after attempt 3 Attempts: 0 of 4 used Submit