Slide 14-10 CLOVER CORPORATION Comparative Balance sheets December 31 Doar‖ Percent 2001 2000 Change Change* Assets Current assets: Cash and equivalents 12001023:50|5(150 Accounts receivable net 60.000 40000 Inventory 80,000100,000 Prepaid expenses 2000 2 900 Total current assets $12,000?$23500=$(11,500) Property and equipment: Land 40000 40000 Buildings and equipment, net 120000 85000 Total property and equipment$ 160,000$125,000 Total assets $315,000‖$289,700 Percent rounded to one decimal point?The McGraw-Hill Companies, Inc., 1999 Slide 14-10 Irwin/McGraw-Hill CLOVER CORPORATION Comparative Balance Sheets December 31, 2001 2000 Dollar Change Percent Change* Assets Current assets: Cash and equivalents $ 12,000 $ 23,500 $ (11,500) Accounts receivable, net 60,000 40,000 Inventory 80,000 100,000 Prepaid expenses 3,000 1,200 Total current assets $ 155,000 $ 164,700 Property and equipment: Land 40,000 40,000 Buildings and equipment, net 120,000 85,000 Total property and equipment $ 160,000 $ 125,000 Total assets $ 315,000 $ 289,700 * Percent rounded to one decimal point. $12,000 ?$23,500 = $(11,500)