Presented below is the comparative balance sheet for Bramble Company. BRAMBLE CO

Question

Presented below is the comparative balance sheet for Bramble Company. BRAMBLE 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 $178,600 $273,300 155,900 150,300 974,000 24,900 2,568,500 1,965,700 220,800 268,700 1,054,000 24,900 (1,001,500) (743,400) $3,314,000 $2,800,700 Liabilities and Stockholders' Equity Accounts payable Accrued expenses Bonds payable Capital stock Retained earnings $74,800 201,900 189,700 2,087,800 1,793,800 540,500 $3,314,000 $2,800,700 $49,900 170,900 445,600 559,800

Explanation / Answer

Comparative Balance Sheet showing the percent each item is of the total assets or liabilities and equity: BRAMBLE COMPANY Comparative Balance Sheet December 31, 2018 and 2017 Assets Dec-31 2018 2017 $ % $ % Cash 178600 5.39 273300 9.76 Accounts Receivable (Net) 220800 6.66 155900 5.57 Short Term Investments 268700 8.11 150300 5.37 Inventories 1054000 31.80 974000 34.78 Prepaid Expenses 24900 0.75 24900 0.89 Plant & Equipment 2568500 77.50 1965700 70.19 Accumulated Depreciation -1001500 -30.22 -743400 -26.54 Total 3314000 100.00 2800700 100.00 Liabilities & Stockholders' Equity Accounts Payable 49900 1.51 74800 2.67 Accrued Expenses 170900 5.16 201900 7.21 Bonds Payable 445600 13.45 189700 6.77 Capital Stock 2087800 63.00 1793800 64.05 Retained Earnings 559800 16.89 540500 19.30 Total 3314000 100.00 2800700 100.00 Comparative Balance Sheet showing the dollar change and percent change BRAMBLE COMPANY Comparative Balance Sheet December 31, 2018 and 2017 Assets Dec-31 Increase or (Decrease) 2018 2017 $ Change % Change Cash 178600 273300 -94700 -34.65 Accounts Receivable (Net) 220800 155900 64900 41.63 Short Term Investments 268700 150300 118400 78.78 Inventories 1054000 974000 80000 8.21 Prepaid Expenses 24900 24900 0 0.00 Plant & Equipment 2568500 1965700 602800 30.67 Accumulated Depreciation -1001500 -743400 -258100 34.72 Total 3314000 2800700 513300 18.33 Liabilities & Stockholders' Equity Accounts Payable 49900 74800 -24900 -33.29 Accrued Expenses 170900 201900 -31000 -15.35 Bonds Payable 445600 189700 255900 134.90 Capital Stock 2087800 1793800 294000 16.39 Retained Earnings 559800 540500 19300 3.57 Total 3314000 2800700 513300 18.33

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