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

question 80

Essay

Hanover,Inc.
Use the selected data from the comparative financial statements for Hanover,Inc.to answer the questions that follow.
$\begin{array}{c}\text {Hanover, Inc.}\\\text {Balance Sheet Accounts}\\\text {(all accounts have normal balances)}\\\text {(in millions)}\\\begin{array}{lrr}&\text { Dec. } 30,2018 &\text { Dec. } 31,2017\\\text { Inventories } & \$ 1,780 & \$ 1,649 \\\\\text { Total current assets } & \$ 9,428 & \$ 8,625\\\\\text { Liabilities in order of significance: }\\\text { Long-term debt } &\$ 14,465 & \$ 15,001 \\\text { Other noncurrent liabilities } & 4,421 & 3,148 \\\text { Deferred income taxes } & 3,504 & 3,543 \\\text { Accounts payable } & 2,556& 2,468 \\\text { Other current liabilities } &2,066 & 1,738 \\\text { Accrued sal aries and wages } & 1,538 & 1,082 \\\text { Short-term borrowings } & 1,200 & 1,126 \\\text { Accrued advertising expense } & 793& 928 \\\text { Income taxes payable } &658 & 1,142\end{array}\end{array}$

-Refer to the account information for Hanover,Inc.
?
Required
?Compute the total current liabilities for the years 2018 and 2017.Calculate the percentage change in the total current liabilities.

---

Definitions:

Ethically Friendly Processes

Business practices or manufacturing processes that are considered morally good, environmentally sustainable, and socially responsible.

Emission Controls

Technologies or techniques used to reduce the output of air pollution from combustion engines, industrial processes, and other sources.

Efficient Use of Resources

Maximizing the productivity of assets, personnel, and investments to achieve the greatest value or output from the resources available.

Customer Interaction

The communication and engagement between a business and its customers.