Pretty Co.'s total liabilities and equity amounted to $285,000 for year 2018. The financial statement for 2019 showed total assets of $542,000. How much is the percentage of increase for the total assets?

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
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Pretty Co.'s total liabilities and equity amounted to $285,000 for year 2018. The financial statement for 2019 showed total assets of $542,000. How much is the percentage of increase for the total assets?

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