Data for Nobell, Inc follow
Nobell, Inc
Comparative Balance Sheet
December 31, 2017 and 2016
2017 2016
Assets
Current Assets:
Cash $121,000 $100,000
Accounts Receivables, Net 117,000 125,000
Merchandise Inventory 70,000 85,000
Total Assets $308,000 $310,000
Liabilities
Total Current Liabilities $63,500 $50,000
Long-term Liabilities 100,000 100,000
Total Liabilities 163,500 150,000
Stockholders' Equity
Retained Earnings 94,500 110,000
Common Stockholders' Equity 50,000 50,000
Total Liabilities and Stockholders' Equity $308,000 $310,000
Prepare a horizontal analysis of the comparative balance sheet of Nobell, Inc (Round to one decimal place.)
What will be an ideal response
Nobell, Inc.
Comparative Balance Sheet
December 31, 2017 and 2016
Increase (Decrease)
2017 2016 Amount Percentage
Assets
Current Assets:
Cash $121,000 $100,000 $21,000 21.0
Accounts Receivables, Net 117,000 125,000 (8,000 ) (6.4 )
Merchandise Inventory 70,000 85,000 (15,000 ) (17.6 )
Total Assets $308,000 $310,000 $(2,000 ) (0.6 )
Liabilities
Total Current Liabilities $63,500 $50,000 $13,500 27.0
Long-term Liabilities 100,000 100,000 0 0.0
Total Liabilities 163,500 150,000 13,500 9.0
Stockholders' Equity
Retained Earnings 94,500 110,000 (15,500 ) (14.1 )
Common Stockholders' Equity 50,000 50,000 0 0.0
Total Liabilities and
Stockholders' Equity $308,000 $310,000 (2,000 ) (0.6 )
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