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Homework answers / question archive / Current assets $122,000 $100,000 $ % Plant assets (net) 393,900 325,000 % Total assets $515,900 $425,000 $ % Liabilities Current liabilities $86,030 $70,000 $ % Long-term liabilities 128,010 85,000 % Total liabilities 214,040 155,000 % Stockholders' Equity Common stock, $1 par 165,990 110,000 % Retained earnings 135,870 160,000 % Total stockholders' equity 301,860 270,000 % Total liabilities and stockholders' equity $515,900 $425,000 % Click if you would like to Show Work for this question: Open Show Work

Current assets $122,000 $100,000 $ % Plant assets (net) 393,900 325,000 % Total assets $515,900 $425,000 $ % Liabilities Current liabilities $86,030 $70,000 $ % Long-term liabilities 128,010 85,000 % Total liabilities 214,040 155,000 % Stockholders' Equity Common stock, $1 par 165,990 110,000 % Retained earnings 135,870 160,000 % Total stockholders' equity 301,860 270,000 % Total liabilities and stockholders' equity $515,900 $425,000 % Click if you would like to Show Work for this question: Open Show Work

Accounting

Current assets $122,000 $100,000 $ % Plant assets (net) 393,900 325,000 % Total assets $515,900 $425,000 $ % Liabilities Current liabilities $86,030 $70,000 $ % Long-term liabilities 128,010 85,000 % Total liabilities 214,040 155,000 % Stockholders' Equity Common stock, $1 par 165,990 110,000 % Retained earnings 135,870 160,000 % Total stockholders' equity 301,860 270,000 % Total liabilities and stockholders' equity $515,900 $425,000 % Click if you would like to Show Work for this question: Open Show Work

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      Increase or (Decrease) Increase or (Decrease)
  2020 2019 Amount Percentage
Assets        
Current assets $           122,000 $           100,000 $              22,000 22.0%*
Plant assets(net) $           393,900 $           325,000 $              68,900 21.2%**
   Total Assets $           515,900 $           425,000 $              90,900 21.4%
Liabilities        
Current liabilities $              86,030 $              70,000 $              16,030 22.9%
Long-term liabilities $           128,010 $              85,000 $              43,010 50.6%
    Total liabilities $           214,040 $           155,000 $              59,040 38.1%
Stockholder's equity        
Common stock, $1 par $           165,990 $           110,000 $              55,990 50.9%
Retained earnings $           135,870 $           160,000 $           (24,130) -15.1%
   Total Stockholder's equity $           301,860 $           270,000 $              31,860 11.8%
      Total liabilities and stockholder's equity $           515,900 $           425,000 $              90,900 21.4%

*22000/100000
**68900/325000 and all other % change are calculated in same way.

Alternate answer with answers in 2 decimal place

      Increase or (Decrease) Increase or (Decrease)
  2020 2019 Amount Percentage
Assets        
Current assets $           122,000 $           100,000 $              22,000 22.00%
Plant assets(net) $           393,900 $           325,000 $              68,900 21.20%
   Total Assets $           515,900 $           425,000 $              90,900 21.39%
Liabilities        
Current liabilities $              86,030 $              70,000 $              16,030 22.90%
Long-term liabilities $           128,010 $              85,000 $              43,010 50.60%
    Total liabilities $           214,040 $           155,000 $              59,040 38.09%
Stockholder's equity        
Common stock, $1 par $           165,990 $           110,000 $              55,990 50.90%
Retained earnings $           135,870 $           160,000 $           (24,130) -15.08%
   Total Stockholder's equity $           301,860 $           270,000 $              31,860 11.80%
      Total liabilities and stockholder's equity $           515,900 $           425,000 $              90,900 21.39%

.

Alternate answer with % in 0 decimal

      Increase or (Decrease) Increase or (Decrease)
  2020 2019 Amount Percentage
Assets        
Current assets $           122,000 $           100,000 $              22,000 22%
Plant assets(net) $           393,900 $           325,000 $              68,900 21%
   Total Assets $           515,900 $           425,000 $              90,900 21%
Liabilities        
Current liabilities $              86,030 $              70,000 $              16,030 23%
Long-term liabilities $           128,010 $              85,000 $              43,010 51%
    Total liabilities $           214,040 $           155,000 $              59,040 38%
Stockholder's equity        
Common stock, $1 par $           165,990 $           110,000 $              55,990 51%
Retained earnings $           135,870 $           160,000 $           (24,130) -15%
   Total Stockholder's equity $           301,860 $           270,000 $              31,860 12%
      Total liabilities and stockholder's equity $           515,900 $           425,000 $              90,900 21%

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