Data for Nobell Inc. is as follows: Nobell Inc. Comparative Balance Sheet December 31, 2018 and 2017 2018 2017 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' $308,000 $310,000 Equity Prepare a horizontal analysis of the comparative balance sheet of Nobell Inc. Round percentage changes to one decimal place.
Data for Nobell Inc. is as follows:
Nobell Inc.
Comparative
December 31, 2018 and 2017
2018 2017
Assets
Current Assets:
Cash $121,000 $100,000
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
Common Stockholders' Equity 50,000 50,000
Total Liabilities and Stockholders' $308,000 $310,000
Equity
Prepare a horizontal analysis of the comparative balance sheet of Nobell Inc. Round percentage changes to one decimal place.
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