ASSIGNMENT RESOURCES Ch13 Assignment 2 Exercises 13-1 Exercise 13-5 Suppose the

Question

ASSIGNMENT RESOURCES Ch13 Assignment 2 Exercises 13-1 Exercise 13-5 Suppose the comparative balance sheets of Sage Hill Inc. are presented here SAGE HILL INC. Condensed Balance Sheet May 31 ($ in millions) Exercise 13-5 eview Scor Review Results by Study Objective 2017 2016 Assets Current Assets Property, plant, and equipment (net) Other assets Total assets Liabilities and Stockholders' Equity Current Liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity $9,600 $8,700 2,0501,840 1,540 1,740 $13,190 $12,280 $3,220 $3,340 1,300 1,330 8,670 7.0 7,610 $13,190 $12,280

Explanation / Answer

2017 2016 Increase(Decrease) Percentage change Assets:    Current Assets 9600 8700 900 10.3%    Property, Plant & Equipment (net) 2050 1840 210 11.4% Intangibles 1540 1740 -200 -11.5% Total assets 13190 12280 910 7.4% Liabilities and Stockholders' Equity    Current Liabilities 3220 3340 -120 -3.6%    Long-term Liabilities 1300 1330 -30 -2.3%    Stockholders' Equity 8670 7610 1060 13.9% Total liabilities and stockholders' equity 13190 12280 910 7.4% b Condensed Balance Sheet May 31,2017 Amount Percent Assets:    Current Assets 9600 72.8%    Property, Plant & Equipment (net) 2050 15.5% Intangibles 1540 11.7% Total assets 13190 100.0% Liabilities and Stockholders' Equity    Current Liabilities 3220 24.4%    Long-term Liabilities 1300 9.9%    Stockholders' Equity 8670 65.7% Total liabilities and stockholders' equity 13190 100.0%

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