The Following Data on Alpha Products, Inc What Was the Percent Increase or Decrease in Net Property

question 122

Multiple Choice

The following data on Alpha Products, Inc. is available.
Alpha Products, Inc
Comparative Balance Sheet
December 31, 2013 and December 31, 2014
$\begin{array}{|l|r|r|}\hline&2014&2013\\\hline \text { Assets: } & & \\\hline \text { Cash } & \$ 45,100 & \$ 48,500 \\\hline \text { Accounts receivable, net } & 59,800 & 101,500 \\\hline \text { Merchandise inventory } & 150,900 & 171,600 \\\hline \text { Property, plant and equipment, net } & 710,500 & 808,800 \\\hline \text { Total assets } & \$ 966,300 & \$ 1,130,400 \\\hline\\\hline \text { Liabilities and stockholders' equity } & & \\\hline \text { Accounts payable } & \$ 108,200 & \$ 151,600 \\\hline \text { Notes payable (current) } & 70,000 & 70,00 \\\hline \text { Bonds payable } & 154,000 & 280,000 \\\hline \text { Common stock, } \$ 10 \text { par } & 420,000 & 420,000 \\\hline \text { Retained earnings } & 214,100 & 208,800 \\\hline \text { Total liabilities and stockholders' equity } & \$ 966,300 & \$ 1,130,400\\\hline\end{array}$
What was the percent increase or decrease in net property, plant and equipment from 2013 to 2014?

• A) 12.2% decrease
• B) 12.2% increase
• C) 13.8% increase
• D) 13.8% decrease

---

Definitions:

Median

The middle value in a sorted, ascending or descending, list of numbers.

Mean

The average value of a set of numbers, calculated by dividing the sum of all the values by the count of the values.

Observations

Records or measurements of variables or phenomena of interest, collected during an experiment or study.

Sample

A selection from a broader population designed for the process of collecting data, through either observation or questioning, to generate statistical insights about that population.