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This activity provides deeper understanding of balance sheet analysis by comparing balance sheets from two points in time. Review the following reading, which shows a…

This activity provides deeper understanding of balance sheet analysis by comparing balance sheets from two points in time. Review the following reading, which shows a restaurants two balance sheets from a year apart.:
Mariotti, S., & Glackin, C. (2013). Entrepreneurship: Starting and Operating a Small Business. (3rd ed., pp. 267-268). Upper Saddle River, NJ: Prentice Hall.
Look at the current assets in Exhibit 8-7 (p. 267) that shows two years of the restaurant’s operation. Consider the cash, which has decreased; consider the inventory, which has increased; consider the capital depreciations, which have increased, and evaluate how short term & long term liabilities are impacted by these changes.
Write a 300-word response to the following question(s)/prompt(s), include at least one APA-formatted citation/reference to a source from this lesson.
Respond to the question:How is owners’ equity impacted by these changes?
Reference
Mariotti, S., & Glackin, C. (2013). Entrepreneurship: Starting and Operating a Small Business. (3rd ed., pp. 267-268). Upper Saddle River, NJ: Prentice Hall.

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