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What's wrong with my answers in long-term liabilities? (a) Prepare a horizontal analysis of the balance sheet data for Malin, using 2019 as a base.
What's wrong with my answers in long-term liabilities?
(a) Prepare a horizontal analysis of the balance sheet data for Malin, using 2019 as a base. (if amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.) MARIN INC. Condensed Balance Sheet May 31 ($ in millions) Percentage Change from 2019 2020 Increase (Decrease) 2019 Assets Current Assets $9,880 1,940 $8,810 $ 1, 830 1070 10 Property, plant, and equipment (net) 1 6.0 Other assets 1,580 1,700 - 120 -7.1 Total assets $13,400 $12,340 $ 1060 8.6 Liabilities and Stockholders' Equity Current Liabilities $3,300 $3,300 $ Long-term liabilities 1,350 1,290 60 4.7 Stockholders' equity 8,750 7,750 1000 12.9 Total liabilities and stockholders' equity $13,400 $12,340 $ 1060Step by Step Solution
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