Question
Just Dew It Corporation reports the following balance sheet information for 2011 and 2012. Use this information to work Problems given below: Just Drew It
Just Dew It Corporation reports the following balance sheet information for 2011 and 2012. Use this information to work Problems given below:
Just Drew It Inc.
Balance sheet
Particulars
2011
2012
Particulars
2011
2012
Current assets
Current liabilities
Cash
9,279
11,173
Accounts payable
41,060
43,805
Accounts receivables
23,683
25,760
Notes payable
16,157
16,843
Inventory
42,636
46,915
57,217
60,648
75,598
83,848
Long term debt
40,000
35,000
Fixed assets
Plant and Equipment
272,047
297,967
Owner's equity
Common stock
50,000
50,000
Retained earnings
200,428
236,167
250,428
286,167
Total assets
347,645
381,815
347,645
381,815
- 2011 and 2012 common-size balance sheets for JustDewIt.
- 2012 common- base year balance sheet for JustDewIt.
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Foundations of Finance The Logic and Practice of Financial Management
Authors: Arthur J. Keown, John D. Martin, J. William Petty
8th edition
132994879, 978-0132994873
