NASH COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2018 AND 2017 December
ID: 2535478 • Letter: N
Question
NASH COMPANY
COMPARATIVE BALANCE SHEET
AS OF DECEMBER 31, 2018 AND 2017
December 31
2018
2017
(a)
NASH COMPANY
Comparative Balance Sheet
December 31, 2018 and 2017
December 31
Assets
2018
2017
Liabilities and Stockholders’ Equity
Presented below is the comparative balance sheet for Nash Company.NASH COMPANY
COMPARATIVE BALANCE SHEET
AS OF DECEMBER 31, 2018 AND 2017
December 31
2018
2017
Assets Cash $179,200 $273,600 Accounts receivable (net) 221,500 154,100 Short-term investments 268,400 149,000 Inventories 1,066,500 984,100 Prepaid expenses 25,200 25,200 Plant & equipment 2,566,600 1,936,400 Accumulated depreciation (997,500) (755,700) $3,329,900 $2,766,700 Liabilities and Stockholders’ Equity Accounts payable $49,600 $75,600 Accrued expenses 170,500 198,000 Bonds payable 450,100 189,200 Capital stock 2,115,400 1,770,500 Retained earnings 544,300 533,400 $3,329,900 $2,766,700Explanation / Answer
2018 2017 Assets Cash 179200 5.38% 273600 9.89% Accounts receivable (net) 221500 6.65% 154100 5.57% Short-term investments 268400 8.06% 149000 5.39% Inventories 1066500 32.03% 984100 35.57% Prepaid expenses 25200 0.76% 25200 0.91% Plant and equipment 2566600 77.08% 1936400 69.99% Accumulated depreciation -997500 -29.96% -755700 -27.31% Total 3329900 100.00% 2766700 100.00% Liabilities and Stockholders’ Equity Accounts payable 49600 1.49% 75600 2.73% Accrued expenses 170500 5.12% 198000 7.16% Bonds payable 450100 13.52% 189200 6.84% Capital stock 2115400 63.53% 1770500 63.99% Retained earnings 544300 16.35% 533400 19.28% Total 3329900 100.00% 2766700 100.00%
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