Below Is the Balance Sheet for Andrew Company: Andrew Company

question 21

Multiple Choice

Below is the balance sheet for Andrew Company: Andrew Company
Balance Sheet
December 31 ,
$\begin{array}{lrr}&20X6&20X5\\\text { Current assets: }\\\text { Cash } & \$ 380 & \$ 242 \\\text { Accounts receivable } & 430 & 194 \\\text { Inventory } & 238 & 388 \\\text { Prepaid insurance } & 32 & 76\\\text { Total current assets }&\$1,080&\$900\\\text { Long-term assets: }\\\quad \text { Fixed assets } & \$ 406 & \$ 452 \\\quad \text { Less: Accumulated depreciation } & \underline{272) } & \underline{228) } \\\text { Total long-term assets } & \underline{\$ 134} & \$ 224 \\\text { Total assets } & \$ 1,214 & \$ 1,124\\\text { Current liabilities: }\\\text { Accounts payable } & \$ 176 & \$ 152 \\\text { Wages payable } & \underline{38} & \underline{32} \\\text { total current liabilities } & \$ 214 & \$ 184\\\text { Long-term liabilities: }\\\text { Notes payable } & \underline{420} & \underline{420} \\\text { Total liabilities } & \underline{\$ 634} & \underline{604}\\\text { Owners' equity: } & & \\\text { Common stock } & \$ 190 & \$ 160 \\\text { Retained income } & 390 & 360\\\text { Total owners' equity } & \underline{\$ 580}&\$520 \\\text { Total liabilities and owners' equity } & \underline{\$ 1,214} & \underline{\$ 1,214}\end{array}$ Andrew Company's prepaid insurance increased decreased) by _____.

• A)57.9%
• B)146.7)%
• C)57.9)%
• D)146.7%

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Definitions:

Mitosis

A process of cell division in eukaryotic cells by which a cell divides into two genetically identical daughter cells.

Mutations

Changes in the DNA sequence of a cell's genome, which can lead to variations in physical appearance, behavior, or health.

DNA Helix

The double-stranded, spiral structure of DNA that carries genetic information necessary for cell growth, division, and function.

Gene

The basic unit of heredity. Genes are composed of deoxyribonucleic acid (DNA).