D. Ennis Inc. Partial Balance Sheet (Vertical analysis) For the years ended Dece

Question

D. Ennis Inc. Partial Balance Sheet (Vertical analysis) For the years ended December 31, 2018 and 2017 Liabilities 2018 2017 Current liabilities $27,400 3,600 800 31,800 242,000 273,800 $28,000 3,000 3,000 34,000 180,000 214,000 Accounts payable Accrued liabilities Income taxes payable Total current liabilities Notes payable Total liabilities Stockholders' Equity Common stock, $5 par Additional paid-in capital Retained earnings 120,000 30,000 34,300 184,300 $458,100 120,000 30,000 26,000 176,000 $ 390,000 Total stockholders' equity Total liabilities and stockholders' equity

Explanation / Answer

2018 % 2017 % Current liabilities: Accounts payable 27400 6.0% 28000 7.2% Accrued liabilities 3600 0.8% 3000 0.8% Income taxes payable 800 0.2% 3000 0.8% Total Current liabilities 31800 6.9% 34000 8.7% Notes payable 242000 52.8% 180000 46.2% Total liabilities 273800 59.8% 214000 54.9% Stockholders' equity Common stock $5 par 120000 26.2% 120000 30.8% Additional paid in capital 30000 6.5% 30000 7.7% Retained earnings 34300 7.5% 26000 6.7% Total Stockholders' equity 184300 40.2% 176000 45.1% Total liabilities and Stockholders' equity 458100 100.0% 390000 100.0%

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