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/ Homework Answers / Accounting / 19) Data for Nobell Inc. as follows: Nobell Inc. Comparative Balance Sheet December

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19) Data for Nobell Inc. is as follows:

Nobell Inc.

Comparative Balance Sheet

December 31, 2015 and 2014

20152014

Assets

Current Assets:

Cash$121,000$100,000

Accounts Receivables, Net117,000125,000

Merchandise Inventory70,00085,000

Total Assets$308,000$310,000

Liabilities

Total Current Liabilities63,50050,000

Long-term Liabilities100,000100,000

Total Liabilities163,500150,000

Stockholders' Equity

Retained Earnings94,500110,000

Common Stockholders' Equity50,00050,000

Total Liabilities and Stockholders' Equity$308,000$310,000

Prepare a horizontal analysis of the comparative balance sheet of Nobell Inc. Round percentage changes to one decimal place.

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