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:

Public Psychiatric Hospital

A healthcare facility specializing in the treatment and care of individuals with mental health disorders.

Continuing Hospitalization

The ongoing state of a patient being treated and cared for in a hospital setting for an extended period of time.

Patients' Rights

The basic rule of conduct between patients and medical caretakers or the institutions and people that support them.

Restraint And Seclusion

Methods used in psychiatric settings to control or reduce the risk of harm by temporarily limiting a person’s freedom of movement.