Question
Just Dew It Corporation reports the following balance sheet information. Prepare the common-size balance sheet for Just Dew It. (Do not round intermediate calculations. Enter
Just Dew It Corporation reports the following balance sheet information.
Prepare the common-size balance sheet for Just Dew It. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)
Assets Current assets Cash $ 8,250 % Accounts receivable 34,500 % Inventory 58,500 % Total $ 101,250 % Fixed assets Net plant and equipment $ 273,750 % Total assets $ 375,000 % Liabilities and Owners Equity Current liabilities Accounts payable $ 43,500 % Notes payable 29,625 % Total $ 73,125 % Long-term debt $ 45,000 % Owners' equity Common stock and paid-in surplus $ 60,000 % Accumulated retained earnings 196,875 % Total $ 256,875 % Total liabilities and owners' equity $ 375,000
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