Mobile Designs,Inc. Use the Selected Data from the Comparative Financial Statements for Statements

question 148

Essay

Mobile Designs,Inc.
Use the selected data from the comparative financial statements for Mobile Designs,Inc.to answer the questions that follow.
Mobile Designs,Inc.
Balance Sheet Accounts
(all accounts have normal balances)
(in millions)
Refer to the account information for Mobile Designs,Inc.
REQUIRED:
(1)Calculate percentage changes in accounts payable and income taxes payable.Give a possible explanation for the changes in these accounts.
(2)By how much did Mobile Designs' long-term and short-term borrowings change from 2012 to 2013? Give a possible explanation for the change in debt.What other financial statement would be useful in analyzing the change in borrowings? Why?

---

Definitions:

Bioethics Movement

An interdisciplinary field concerned with addressing moral issues and questions arising in healthcare and the biological sciences.

Patient Care

The services and treatment provided by healthcare professionals to maintain or improve a patient's health.

Ethical Principles

The fundamental guidelines or theories that inform and guide moral conduct, shaping decisions and behaviors in personal and professional contexts.

Bioethical Guidelines

Principles that guide ethical decision-making in medical and biological research, ensuring respect for all human and non-human life.