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4 Just Dew It Corporation reports the following balance sheet information for 2017 and 2018. JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Assets

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4 Just Dew It Corporation reports the following balance sheet information for 2017 and 2018. JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Assets 2017 2018 2018 ook Liabilities and Owners' Equity 2017 Current liabilities Accounts payable $ 52,560 Notes payable 19,260 Current assets Cash Accounts receivable Inventory Int $ 10,620 21,420 67,860 $ 13,275 29,925 82,575 $ 60,750 24.075 ences Total $ 99,900 $ 125.775 Total $ 71,820 $ 84,825 Long-term debt $ 36.000 $ 27,000 Owners' equity Common stock and paid-in $ 45,000 surplus Retained earnings 207,180 $ 45,000 293.175 Net plant and equipment $ 260,100 $324,225 Total $ 252,180 $ 338.175 Total assets $360,000 $450,000 Total liabilities and owners' equity $360,000 $450,000 52Fims.mhed Hucation.com/ext/map/index.html?_con=con&external browser Olaunchurl=https%253A Saved mework Prepare the 2017 and 2018 common-size balance sheets for Just Dew it. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal ploces, e.g., 32.16.) 2017 % 2018 Assets $ % 10,620 21,420 67,860 99,900 % % % 13,275 29,925 82,575 125,775 $ $ $ 260,100 360,000 % % 324 225 450,000 Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total Total liabilities and owners' equity $ % 52,560 19,260 71,820 36,000 60,750 24,075 84,825 27,000 $ % % $ $ % 96 45,000 207,180 252,180 360,000 45,000 293,175 338,175 450,000 % $ $ %

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