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CALCULATOR PRINTER VERSION BACK NEXT Do It! Review 13-2 Summary financial inform

ID: 2588839 • Letter: C

Question

CALCULATOR PRINTER VERSION BACK NEXT Do It! Review 13-2 Summary financial information for Crane Company is as follows Dec. 31, 2017 Dec. 31, 2016 Current assets Plant assets Total assets 210,500 1,362,800 $1,573,300 $253,500 800,200 $1,053,700 Compute the amount and percentage changes in 2017 using horizontal analysis, assuming 2016 is the base year. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000,-20% or (55,000), (2090). Round percentages to 1 decimal place, e.g. 12.1%.) Amount Percent Current assets Plant assets Total assets Click if you would like to Show Work for this question: en Show Work LINK TO TEXT Question Attempts: 0 of 3 used SAVE FOR LATER SUBMIT ANSWER

Explanation / Answer

The correct answer is:

Note :

Amount Percent Current Assets $ -43,000 -17.0 % Plant Assets $ 562,600 70.3 % Total Assets $ 519,600 49.3 %
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