Complete a honzontal analysis for Brown Company (Negative answers should be indicated by a minus...

50.1K

Verified Solution

Question

Accounting

image
Complete a honzontal analysis for Brown Company (Negative answers should be indicated by a minus sign. Leave no cells ble be certain to enter "o" wherever required. Round the "percent" answers to the nearest hundredth percent.) BROWN COMPANY Comparative Balance Sheet December 31, 2020 and 2015 Increase (Dedrease) Amount Percent 2020 2013 Assets Current assets 5 0.000 12.000 14,550 $ 10,650 17.850 52,200 101.2505 21.150 43.050 87,000 5 Cash Acdounts receivable Merchandise inventory Prepaid advertising Total current assets Piant and equipment Building (net) Land Total plant and equipment Total assets $ 110.100s 85,500 204,000$ 305,850 s 124.050 85,500 210.150 297.150 $ $ Liabilities Current liabilities Accounts payable Salaries payable Total current abilities Long term labities Mortgage not payable Totalfiabilities 130,650 21.150 151.800 $ 110.100 17.100 136,200 5 86,100 07.850 249.450 $ 222.300 Owner's Equity J. Brown, capita Total fubies and owner's equity 50,400 305,350 $ 74.850 207. 150 $

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students