Please answer in this format :). I will rate it well. Question 1 The comparative

Question

Please answer in this format :). I will rate it well.

Question 1 The comparative condensed balance sheets of Gurley Corporation are presented below GURLEY CORPORATION Comparative Condensed Balance Sheets December 31 2017 2016 Assets Current assets Property, plant, and equipment (net) Intangibles $ 72,000$ 78,000 88,000 38,000 $194,000 $204,000 97,000 25,000 Total assets Liabilities and stockholders' equity Current liabilities Long-term liabilities Stockholders' equity $40,000 46,000 148,000 10,000 $194,000 $204,000 141,000 13,000 Total liabilities and stockholders' equity

Explanation / Answer

Particulars 2017 2016 Change % Change Assets Current Assets 72000 78000 -6000 -7.7% Property, plant and equipment 97000 88000 9000 10.2% Intangibles 25000 38000 -13000 -34.2% Total Assets 194000 204000 -10000 Current Liabilities 40000 46000 -6000 -13.0% Long term liabiliites 141000 148000 -7000 -4.7% stockholders equity 13000 10000 3000 30.0% Total liabilities and stockholders equity 194000 204000 -10000 Particulars 2017 % Assets Current Assets 72000 37.1% Property, plant and equipment 97000 50.0% Intangibles 25000 12.9% Total Assets 194000 100.0% Current Liabilities 40000 20.6% Long term liabiliites 141000 72.7% stockholders equity 13000 6.7% Total liabilities and stockholders equity 194000 100.0%

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