Carl Industries 2011 2010 2009 Assets: Current assets Plant & equipment, net 65,

Question

Carl Industries 2011 2010 2009 Assets: Current assets Plant & equipment, net 65,000 600,000 420,000 $46,500 80,000 410,000 50,000 Intarngible assets, net 15,000 36,500 Total assets 680,000 $03,000 540,000 Liabilities &Stockholders;' Equity Current liabilities Long-term liabilities Stockholders' equity Total liabilities &equity; $25,000 290,000 188,000 $680,000 $503,000 $70,000 420,000 190,000 33,500 400,000 coe 06,500 40,000 Refer to the information for Carl Industries. In a percentage change balance sheet over the period of 2009 to 2011, what is the change in long-term liabilities? O a 6.7% Ob, 15.3% ? ?. 43.7% Od.5%

Explanation / Answer

d. 5%

2009. 2011

$400000 + 5% = $420000

In the year 2009, long term liability was $400000 and in the year 2011, long term liability is $420000, which means there is increase of 5% change in Long term liability.

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