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7 Just Dew It Corporation reports the following balance sheet information for 2014 and 2015 JUST DEW IT CORPORATION 2014 and 2015 Balance Sheets Assets
7 Just Dew It Corporation reports the following balance sheet information for 2014 and 2015 JUST DEW IT CORPORATION 2014 and 2015 Balance Sheets Assets Liabilities and Owners' Equity 2014 2015 2014 2015 Current assets Current liabilities Cash Accounts receivable Inventory $11,250 11,850 39,150 $ 19,440 16,080 60,240 Accounts payable Notes payable $30,600 24,900 $49,200 31,200 $ 95,760 $ 55,500 $27,000 $ 48,000 $80,400 $24,000 $ 48,000 Total $ 62,250 Total Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings 169,500 $217,500 $300,000 327,600 $375,600 $480,000 Net plant and equipment $237 ,750 S384,240 Total Total assets $300,000 $480,000 Total liabilities and owners' equity Prepare the 2014 and 2015 common-size balance sheets for Just Dew It. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) 2014 2015 Assets Current assets Cash Accounts receivable Inventory S 11,250 11,850 39,150 % $19,440 % 16,080 % 60,240 Total S 62,250 % $95,760
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