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Crystal, Inc ​

-Read the Information About Huntington Corporation

question 203

Essay

Crystal, Inc.reported $52,000 of net income for 2016.Crystal's balance sheet at December 31, 2016 includes the following amounts:  Wages payable $1,000 Inventory $26,000 Prepaid rent 3,000 Land 40,000 Cash 15,000 Accounts receivable 22,000 Accounts payable 25,000 Capital stock 40,000 Retained earnings 29,000 Income taxes payable 11,000\begin{array} { l r l r } \text { Wages payable } & \$ 1,000 & \text { Inventory } & \$ 26,000 \\\text { Prepaid rent } & 3,000 & \text { Land } & 40,000 \\\text { Cash } & 15,000 & \text { Accounts receivable } & 22,000 \\\text { Accounts payable } & 25,000 & \text { Capital stock } & 40,000 \\\text { Retained earnings } & 29,000 & \text { Income taxes payable } & 11,000\end{array}

-Read the information about Huntington Corporation.
Required:
Compare the profit margins for 2017 and 2016.Is the company becoming more or less profitable or staying the same? What could be contributing to this?

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Definitions:

Relevant Encounter

An interaction or meeting that has significant importance or relevance to a particular topic, goal, or situation.

Epidemiology

The study and analysis of the distribution (who, when, and where) and determinants of health and disease conditions in defined populations.

Insurance

A financial product providing protection against potential future losses or damages in exchange for a premium payment.

Numeric

Relating to, consisting of, or represented by numbers.

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