Question
Cash $30,000 Accounts receivable 63,800 Accounts payable 52,500 Short-term notes payable 11,000 Inventories 66,000 Gross fixed assets 1,061,000 Accumulated depreciation 86,000 Long-term debt 210,000 Common
Cash | $30,000 | |
Accounts receivable | 63,800 | |
Accounts payable | 52,500 | |
Short-term notes payable | 11,000 | |
Inventories | 66,000 | |
Gross fixed assets | 1,061,000 | |
Accumulated depreciation | 86,000 | |
Long-term debt | 210,000 | |
Common stock | 480,000 | |
Other assets | 25,000 | |
Retained earnings | ? |
Complete the part of the common-sized balance sheet below.(Round to one decimal place.
NOTE:
Input the Accumulated depreciation account as a negative value.)
Common-sized Balance Sheet |
| |||
ASSETS |
|
|
|
|
Cash | $ | 30,000 |
| % |
Accounts receivable |
| 63,800 |
| |
Inventories |
| 66,000 |
|
|
Total current assets | $ | 159,800 | % | |
Gross fixed assets | $ | 1,061,000 |
| % |
Accumulated depreciation |
| (86,000) |
|
|
Net fixed assets | $ | 975,000 |
| % |
Other assets | 25,000 |
| ||
Total assets | $ | 1,159,800 |
|
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