Name: Chapter 15 249 Nordic Inc Comparative Balance Sheet December 31, 2015 and

Question

Name: Chapter 15 249 Nordic Inc Comparative Balance Sheet December 31, 2015 and 2014 Increase (Decrease) 2014 Amount Percent Assets 2015 Cash Marketable securities Accounts receivable (net) Inventory Prepaid expenses Long-term investments Fixed assets (net) Intangible assets . Total assets . $ 76,000 69,000 00 98,900 130,000 1,1) 199,000| 195,000 000 450,000375,000 5,000 28,000 | 26.30 1 35,000 | 35,000| 871,000| 835,000| 6,000 18,000 26,300,100 Liabilities $ 129,000 107,000Zooo Current liabilities Long-term liabilities. Total liabilities 420,000440.000 0,0o o |$ 549,000|$ 547,000 oo Stockholders' Equity. " Preferred 396 stock, $100 par Common stock, $50 par Retained earnings Total stockholders' equity 102,000 $ 93,000o 549,900 53D,100q,800 | 575.000-51800051,0001 $1,226,900 $1.141.100 Total liabilities and stockholders' equity $1,775,900 $1,688,100

Explanation / Answer

Increase (Decrease) Comparative balance sheet 2015 2014 Amount Percent Assets Cash 76000 69000 7000 10.14% Marketable securities 98900 130000 -31100 -23.92% Accounts receivable (net) 199000 195000 4000 2.05% Inventory 450000 375000 75000 20.00% Prepaid expense 28000 26300 1700 6.46% Long term investment 35000 35000 0 0.00% Fixed assets (net) 871000 835000 36000 4.31% Intangible assets 18000 22800 -4800 -21.05% Total assets 1775900 1688100 87800 5.20% Liabilities Current liabilities 129000 107000 22000 20.56% Long term liabilities 420000 440000 -20000 -4.55% Total liabilities 549000 547000 2000 0.37% Stockholders equity Preferred 3% stock $100 par 102000 93000 9000 9.68% Common stock $50 par 549900 530100 19800 3.74% Retained earnings 575000 518000 57000 11.00% Total stockholders equity 1226900 1141100 85800 7.52% Total liabilities and stockholders equity 1775900 1688100 87800 5.20%

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