Compute the amount and percentage changes for the comparative balance sheets for Davis Company below, and comment
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Compute the amount and percentage changes for the comparative balance sheets for Davis Company below, and comment on the changes from 2010 to2011.
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Davis Company Comparative Balance Sheets December 31, 2011 and 2010 2011 2010 Assets $ 18,600 109464 $128,064 Current assets Property, plant, and equipment (net) Total assets 12,800 97,200 $110,000 Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity $11,200 35,000 81,864 $128,064 3,200 40,000 66,800 $110,000
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