The balance sheet of the Blanchet Corp is as follows:

After preparing a horizontal analysis of Blanchet Corp’s balance sheet for 2019, what are some observations you can make?

 

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Current Cash Short-term investments Accounts receivable Merchandise inventories Prepaid expenses Blanchet Corporation Balance Sheet At December 31 Current Accounts payable Accrued liabilities Non-current borrowings Property, plant, and equipment at carrying amount Total assets Assets Minimized View Liabilities Stockholders' Equity Common stock (10 shares outstanding) Retained earnings Total liabilities and stockholders' equity 2019 $60 10 60 108 12 250 170 $420 $100 20 120 50 170 150 100 250 $420 2018 $10 20 40 120 10 200 180 $380 $80 2. 21/8 ³/² 10 90 30 120 150 110 260 $380 Current Cash Short-term investments Accounts receivable Merchandise inventories Prepaid expenses Blanchet Corporation Balance Sheet At December 31 Current Accounts payable Accrued liabilities Non-current borrowings Property, plant, and equipment at carrying amount Total assets Assets Minimized View Liabilities Stockholders' Equity Common stock (10 shares outstanding) Retained earnings Total liabilities and stockholders' equity 2019 $60 10 60 108 12 250 170 $420 $100 20 120 50 170 150 100 250 $420 2018 $10 20 40 120 10 200 180 $380 $80 2. 21/8 ³/² 10 90 30 120 150 110 260 $380

Answer rating: 100% (QA)

Horizontal Analysis Balance sheet Assets Current 2019 C 2018 P IncreaseDecrease CP change CPP100 Cas... View the full answer