Question: 4. a) Using information from Ruth's Hospitality Group below, prepare a comparative balance sheet (horizontal statements) using financial data from 2016 and 2017.| b) Provide

 4. a) Using information from Ruth's Hospitality Group below, prepare a

4. a) Using information from Ruth's Hospitality Group below, prepare a comparative balance sheet (horizontal statements) using financial data from 2016 and 2017.| b) Provide an analysis of the company's performance from 2016 to 2017. Ruth's Hospitality Group Balance Sheets ($ in millions) 2016 2017 Current Assets Cash Accounts Receivables Inventory Total CA $210 355 507 $1,072 $215 310 328 $853 Fixed Assets Net Buildings, Furniture & Equipment $6,085 $6,527 Total Assets $7,157 $7,380 Current Liabilities Accounts Payable Notes Payable Total CL $ 207 1,715 1,922 $ 298 1,427 1,725 Long-term Debt 1,987 2,308 Owners' Equity Common Stock and Paid-in Capital Retained Earnings Total OE 1,000 2,248 3,248 1,000 2,347 3,347 Total Liabilities & Owners' Equity $7,157 $7,380 4. a) Using information from Ruth's Hospitality Group below, prepare a comparative balance sheet (horizontal statements) using financial data from 2016 and 2017.| b) Provide an analysis of the company's performance from 2016 to 2017. Ruth's Hospitality Group Balance Sheets ($ in millions) 2016 2017 Current Assets Cash Accounts Receivables Inventory Total CA $210 355 507 $1,072 $215 310 328 $853 Fixed Assets Net Buildings, Furniture & Equipment $6,085 $6,527 Total Assets $7,157 $7,380 Current Liabilities Accounts Payable Notes Payable Total CL $ 207 1,715 1,922 $ 298 1,427 1,725 Long-term Debt 1,987 2,308 Owners' Equity Common Stock and Paid-in Capital Retained Earnings Total OE 1,000 2,248 3,248 1,000 2,347 3,347 Total Liabilities & Owners' Equity $7,157 $7,380

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