The HBR Guides Collection (8 Books) (HBR Guide Series)

Finance Basics: Don’t Be Afraid

14

Amalgamated Hat Rack balance sheet as of

December 31, 2010 and 2009



2010 2009

Increase

(Decrease)

Assets

 Cash and marketable

securities

$ 652,500 486,500 166,000

Accounts receivable 555,000 512,000 43,000

Inventory 835,000 755,000 80,000

Prepaid expenses 123,000 98,000 25,000

 Total current

assets 2,165,500 1,851,500 314,000

 Gross property, plant,

and equipment

2,100,000 1,900,000 200,000

 Less: accumulated

depreciation 333,000 290,500 (42,500)

 Net property, plant, and

equipment 1,767,000 1,609,500 157,500

Total assets

$ 3,932,500 3,461,000 471,500

Liabilities and owners’ equity

Accounts payable ...