Hanover, Inc ​
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-Refer to the Account Information for Hanover, Inc

question 44

Essay

Hanover, Inc. Use the selected data from the comparative financial statements for Hanover, Inc. to answer the questions that follo
Hanover, Inc.
Balance Sheet Accounts
(all accounts have normal balances)
(in millions)
$\begin{array}{lrr}&\text {Dec. 30,2017 }&\text { Dec. 31,2016}\\\text { Inventories } & \$ 1,780 & \$ 1,649 \\\text { Total current assets } & \$ 9,428 & \$ 8,625\\\text { Liabilities in order of significance: } & & \\\text { Long-term debt } & \$ 14,465 & \$ 15,001 \\\text { Other noncurrent liabilities } & 4,421 & 3,148 \\\text { Deferred income taxes } & 3,504 & 3,543 \\\text { Accounts payable } & 2,556 & 2,468 \\\text { Other current liabilities } & 2,066 & 1,738 \\\text { Accrued salaries and wages } & 1,538 & 1,082 \\\text { Short-term borrowings } & 1,200 & 1,126 \\\text { Accrued advertising expense } & 793 & 928 \\\text { Income taxes payable } & 658 & 1,142\end{array}$ ​
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-Refer to the account information for Hanover, Inc.
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Required:
​Compute the total current liabilities for the years 2017 and 2016.Calculate the percentage change in the total current liabilities.

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Definitions:

Politicking

The practice of engaging in political tactics or maneuvering within an organization to gain advantage or support.

Performance-based Data

Information or metrics collected based on the actual performance of individuals, groups, or systems.

Task Ambiguity

The lack of clarity or certainty about how to complete a task due to vague or incomplete information.

Negative Politicking

The use of political maneuvers or manipulation within an organization for personal gain, often with harmful effects on team harmony and morale.