Complete the horizontal analysis of the following comparative balance sheet. Express percents to the nearest tenth of
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O'Toole's Hardware Store Comparative Balance Sheet December 31, 2013 and 2014 Increase (Decrease) Amount 2014 2013 Percent Assets Current assets Cash Accounts receivable Merchandise inventory Total current assets Plant and equipment Building Equipment Total plant and equipment Total assets Liabilities Current liabilities Accounts payable Wages payable Total current liabilities Long-term liabilities Mortgage note payable Total long-term liabilities Total liabilities Owner's Equity James O Toole, capital Total liabilities and owner's equity $7,318 3,147 63,594 $5,283 3,008 60,187 36,561 8,256 37,531 4,386 $5,174 780 $4,563 624 34,917 36,510 78,005 68,698
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Total current assets for 2014 7318 3147 63594 74059 Total plant and equipment for 2014 36561 8256 44...View the full answer
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Related Book For
Business Math
ISBN: 978-0133011203
10th edition
Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble
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