Sanderson Companys year-end balance sheets follow. Express the balance sheets in common-size percents. Round amounts to the
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At December 31 2012 2011 2010 Cash... Accounts receivable, net Merchandise inventory 62,500 49,200 500 8,500 53,000 4,000 .*** 277500 255000 229500 ..$518,000 $445,000 $372.500 ....88,500 9.700 Prepaid expenses Plant assets,net... Total assets ^.... 9,375 Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value .. Retained earnings Total liabilities and equity... 7,500 102,500 82,500 62,500 62,500 162,500 129,100 104.750 78,250 ..$518,000 $445,000 $372.500
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Sanderson Company CommonSize Comparative Balance Sheets December 31 20102012 2012 2011 2010 Cash 59 ...View the full answer
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0078110870
20th Edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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