Determine the gross profit margin for the commercial construction company in Figures 63 and 64 20.5% 7.5% 1.09% 10.9% \begin{tabular}{|c|c|c|} \hline EASTSIDE C & \begin{tabular}{c} Current \\ Year \end{tabular} & \begin{tabular}{l} Last \\ Year \\ \end{tabular} \\ \hline \multicolumn{3}{|l|}{ CURRENT ASSETS } \\ \hline Cash & 118,626 & 78,470 \\ \hline Accounts Receivable-Trade & 243,300 & 171.734 \\ \hline Accounts Receivable-Retention & 12.905 & 12,929 \\ \hline Inventory & 0 & 0 \\ \hline Costs and Profits in Excess of Billings & 17.507 & 10.562 \\ \hline Notes Receivabie & 6.441 & 0 \\ \hline Prepaid Expenses & 3.398 & 2,463 \\ \hline Other Current Assets & 6.228 & 3.792 \\ \hline Total Current Assets & 408,405 & 279.950 \\ \hline \multicolumn{3}{|l|}{ FDXED AND OTHER ASSETS } \\ \hline Land & 46.000 & 46,000 \\ \hline Bulldings & 60.006 & 60,006 \\ \hline Construction Equipment & 56,727 & 56,727 \\ \hline Trucks and Autos & 31,159 & 31,159 \\ \hline Office Equipment & 35.193 & 35,193 \\ \hline Total Foxed Assets & 229.085 & 229.085 \\ \hline Less Acc. Depreciation & 133.314 & 112,393 \\ \hline Net Fixed Assets & 95.771 & 116.692 \\ \hline Other Assets & 110,345 & 115.952 \\ \hline Total Assets & 614.521 & 512.594 \\ \hline \multicolumn{3}{|l|}{\begin{tabular}{l} LABILITIES \\ Currant Liabilies \end{tabular}} \\ \hline Current Liabilities & & \\ \hline Accounts Payable-Trade & \begin{tabular}{r} 191.046 \\ 14.945 \end{tabular} & \begin{tabular}{r} 142.789 \\ 10.150 \end{tabular} \\ \hline Acsounts Payable-Fietertion & & 10,159 \\ \hline Billings in Excess of Costs and Profits & 2,961 & 7.935 \\ \hline Notes Payable & 8,330 & 13.293 \\ \hline Accrued Payabies & 9.278 & 11,394 \\ \hline Aocrued Taxes & 6.294 & 4,985 \\ \hline Accrued Vacation & 1.960 & 1,802 \\ \hline Other Current Liabilities & 16.973 & 23.863 \\ \hline Total Current Liabilties & 251.787 & 216.220 \\ \hline Long. Term Labilibes & 81.668 & 49.781 \\ \hline Total Liabilities & 393.455 & 266.001 \\ \hline \multicolumn{3}{|l|}{ OWNEFS EOUITY } \\ \hline Capital Stock & 10.000 & 10.000 \\ \hline Retained Eamings & 271.066 & 236.593 \\ \hline Current Penod Net income & 0 & \\ \hline Total Equify & 281,066 & 246,593 \\ \hline Total Liabilties and Equity & 614.521 & 512.594 \\ \hline \end{tabular} FIGURE 6-3 Balance Sheet for Eastside Contractors FIGURE 6-4 Income Statement for Eastside Contractors