Current assets: Cash Assets Accounts receivable Merchandise inventory Prepaid expenses Total current assets Plant and equipment: Building (net) Land Total plant and equipment Total assets LOGIC COMPANY Comparative Balance Sheet December 31, 2019 and 2020 2020 $ $ $ $ $ Amount 12,700 17,200 9,200 24,700 63,800 15,200 14,200 29,400 93,200 Percent $ 9,700 13,200 14,700 10,700 $ 48,300 $ $ Amount $ 2019 11,900 9,700 21,600 69,900 Percent

Current assets: Cash Assets Accounts receivable Merchandise inventory Prepaid expenses Total current assets Plant and equipment: Building (net) Land Total plant and equipment Total assets LOGIC COMPANY Comparative Balance Sheet December 31, 2019 and 2020 2020 $ $ $ $ $ Amount 12,700 17,200 9,200 24,700 63,800 15,200 14,200 29,400 93,200 Percent $ 9,700 13,200 14,700 10,700 $ 48,300 $ $ Amount $ 2019 11,900 9,700 21,600 69,900 Percent

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 13MCQ

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