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Express the following balance sheets for Jackson Company in common-size percentages. Round all answers to the nearest tenth percent (0.1%). Assets Jackson Company Balance
Express the following balance sheets for Jackson Company in common-size percentages. Round all answers to the nearest tenth percent (0.1%). Assets Jackson Company Balance Sheets For the years ended December 31 Cash Accounts receivable Merchandise inventory Prepaid insurance Long-term investments Plant assets (net) Total assets Liabilities and Equity Current liabilities. Long-term liabilities Common stock Retained earnings Total liabilities and equity Year 2 Year 1 $ 43,000 $ 22,000 38,000 42,000 61,000 52,000 6,000 9,000 49,000 218,000 20,000 218,000 $415,000 $ 363,000 A $ 62,000 $ 75,000 45,000 150,000 36,000 150,000 158,000 102,000 $415,000 $363,000
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