Answered step by step
Verified Expert Solution
Question
1 Approved Answer
How do you calculate percentages??? Just Dew It Corporation reports the following balance sheet Information for 2017 and 2018 Assets 2017 2018 JUST DEW IT
How do you calculate percentages???
Just Dew It Corporation reports the following balance sheet Information for 2017 and 2018 Assets 2017 2018 JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Liabilities and owners Equity 2018 2017 Current liabilitles $ 14.105 Accounts payable $ 46,382 32.815 Notes payable 18,246 57.204 $ 12.157 Current assets Cash Accounts Tecelvable Inventory $ 49.276 29,382 19,784 54,632 Total $ 96,171 $ 104,124 Total $ 64,628 $ 69,060 Long-term debt $ 49,000 $ 45,000 Owners equity Common stock and paid in surplus Retained earnings $ 50,000 299.784 $ 50.000 315,894 Net plant and equipment $367.241 $375,830 Total $349.784 $365,894 Total assets $463.412 $479,954 Total liabilities and owners equity $ 463.412 $479,954 Prepare the 2017 and 2018 common-size balance sheets for Just Dew it. (Do not round Intermediate calculations and enter your answers as a percent rounded to 2 decimal places. e.... 3216.) 2017 % 2018 Assets $ 5 12.157 29,382 54,832 98,171 % % 14,105 32.815 57,204 104, 124 5 $ 9 $ $ 387.2411 463,412 % % $ 5 375.830 479,954 Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total Long-term debt Owners' equity Common stock and paid in surplus Accumulated retained earings Total Total liabilities and owners' equity 5 % S % 46,382 18.246 84,828 49.000 49,276 19,784 89,000 45,000 % $ 5 $ $ $ 5 50.000 299,784 340.784 403,412 50.000 315,894 385.894 479.954 50 s $ % 9 5 SiStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started