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Below is selected information from the comparative and common-size asset section of the balance sheet of Dec. 31, 20x1 and 20x2 of the Logstreth Lodge:
Below is selected information from the comparative and common-size asset section of the balance sheet of Dec. 31, 20x1 and 20x2 of the Logstreth Lodge: 31-Dec % 20x1 20x2 Difference Common Size (12/31/20x2) Current asset Cash $800 $1,000 25% Accounts receivable 30,000 % 5% Inventories 500 550 10% Prepaid expenses 10% 1% Total current assets % % Property & equipment: Land 100,000 0% % Building 400,000 0% % Equipment 0% 10% Accumulated depreciation -35,000 % -8% Net property and equipment % % Other assets 20 % % Total assets $562,000 IS % Sell % Required Fill in the blanks above. Round all percentages to the nearest 0.1%
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