Zabar Inc. has the following information available for 2011 and 2012: 2011 2012 Current liabilities $130,000 $100,000
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Zabar Inc. has the following information available for 2011 and 2012:
2011 | 2012 | |
Current liabilities | $130,000 | $100,000 |
Long-term liabilities | 150,000 | 200,000 |
Total liabilities | $280,000 | $300,000 |
Capital stock | $75,000 | $75,000 |
Retained earnings | 140,000 | 350,000 |
Total stockholders' equity | $215,000 | $425,000 |
Total liabilities and stockholders' equity | $495,000 | $725,000 |
Converting the 2012 column into a common-size statement would show current liabilities as being:
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Related Book For
Managerial Accounting
ISBN: 978-0078025518
2nd edition
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
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