Question
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.)
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 $ 30,578 2.6 % Accounts receivable 63,111 5.4 Inventories 65,935 5.7 Total current assets $ 159,624 13.8 % Gross fixed assets $ 1,060,054 91.5 % Accumulated depreciation (85,737) -7.4 Net fixed assets $ 974,317 84.1 % Other assets 25,105 2.2 Total assets $ 1,159,046 100.0 %
Please explain to me how to obtain this information/data through a spreadsheet or calculations by hand?
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