Prepare a comparative balance sheet of Marigold Company showing the dollar chang
ID: 2578991 • Letter: P
Question
Prepare a comparative balance sheet of Marigold Company showing the dollar change and the percent change for each item. (If there is a decrease from 2017 to 2018, then enter the amounts and percentages with either a negative sign, i.e. -92,000, -25.25 or parenthesis, i.e. (92,000), (25.25))
Prepare a comparative balance sheet of Marigold Company showing the dollar change and the percent change for each item. (If there is a decrease from 2017 to 2018, then enter the amounts and percentages with either a negative sign, i.e. -92,000, -25.25 or parenthesis, i.e. (92,000), (25.25))
Problem 24-4 (Part Level Submission) Presented below is the comparative balance sheet for Marigold Company MARIGOLD COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2018 AND 2017 December 31 2018 2017 Assets Cash Accounts receivable (net) Short-term investments Inventories Prepaid expenses Plant & equipment Accumulated depreciation $180,800 219,700 270,100 1,049,800 24,900 2,573,200 $276,100 154,500 150,900 980,900 24,900 1,940,600 (993,100) $3,325,400 $2,776,300 (751,600) ties and Stockholders' Accounts payable Accrued expenses Bonds payable Capital stock Retained earnings $75,200 198,90O 188,100 1,782,700 531,400 $3,325,400 $2,776,300 $50,000 169,800 453,500 2,114,300 537,800Explanation / Answer
Prepare a comparative balance sheet of Marigold Company showing the dollar change and the percent change for each item. (If there is a decrease from 2017 to 2018, then enter the amounts and percentages with either a negative sign, i.e. -92,000, -25.25 or parenthesis, i.e. (92,000), (25.25))
Assets 2018 2017 $ Change % change Cash 180800 276100 (95300) (34.52%) Account receivable (net) 219700 154500 65200 42.20% Investments 270100 150900 119200 78.99% Inventories 1049800 980900 68900 7.02% Prepaid expenses 24900 24900 None no Plant and equipments 2573200 1940600 632600 32.60% Accumlated depreciation (993100) (751600) 241500 32.13% Total 3325400 2776300 549100 19.78% Liabilities and stockholder's equity Account payable 50000 75200 (25200) (33.51%) Accured expenses 169800 198900 (29100) (14.63% Bonds payable 453500 188100 265400 1.41% Capital stock 2114300 1782700 331600 18.60% Retained earnings 537800 531400 6400 1.20% Total 3325400 2776300 549100 19.78%