Chapter 3 Help Save CI 6 Just Dew It Corporation reports the following balance sheet information for 2017 and 2018 6.66 points JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets eBook Assets 2017 2018 2018 References Liabilities and Owners' Equity 2017 Current liabilities Accounts payable $ 43,500 Notes payable 29,625 Current assets Cash Accounts receivable Inventory $ 48,240 $ 8,250 34,500 58,500 $ 12.240 40,560 86,160 32,160 $ 101,250 Total $ 138,960 Total $ 73,125 $ 80,400 Long-term debt $ 45,000 $ 36,000 Owners' equity Common stock and paid in surplus Retained earnings $ 60,000 196,875 $ 60,000 303,600 Me Graw o Type here to search . E 5 Long-term debt 45,000 $ 36,000 Owners' equity Common stock and paid-in surplus Retained earnings $ 60,000 $ 60,000 s 196,875 303,600 $ 273,750 Net plant and equipment $ 341,040 Total $256,875 $363,600 eBook eferences $375,000 $480,000 Total assets Total liabilities and owners' equity $375,000 $480,000 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 places, e.g., 32.16.) 2017 % 2018 96 Assets Current assets Me Graw HIN O E BE 1 Type here to search 6 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 places, e.g., 32.16.) 6 nts 2017 % 2018 % Assets eBook Current assets eferences Cash $ 12,240 RR % % 8,250 34,500 58,500 101,250 % 40,560 86,160 138,960 R RR $ % % GA % Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable 273,750 375,000 341,040 480,000 $ % % $ % 43,500 29,625 48,240 32,160 96 % Next > 6 of 15 Me Graw 6 of 15