Question
Just Dew It Corporation reports the following balance sheet information for 2020 and 2021. JUST DEW IT CORPORATION 2020 and 2021 Balance Sheets Assets 2020
Just Dew It Corporation reports the following balance sheet information for 2020 and 2021. JUST DEW IT CORPORATION 2020 and 2021 Balance Sheets Assets 2020 2021 Liabilities and Owners Equity 2020 2021 Current assets Current liabilities Cash $ 14,588 $ 17,631 Accounts payable $ 55,653 $ 63,073 Accounts receivable 35,258 41,019 Notes payable 21,895 25,324 Inventory 65,567 71,505 Total $ 115,413 $ 130,155 Total $ 77,548 $ 88,397 Long-term debt $ 58,000 $ 62,000 Owners equity Common stock and paid-in surplus $ 60,000 $ 60,000 Retained earnings 397,278 418,179 Net plant and equipment $ 477,413 $ 498,421 Total $ 457,278 $ 478,179 Total assets $ 592,826 $ 628,576 Total liabilities and owners equity $ 592,826 $ 628,576 Prepare the 2021 combined common-size, common-base year balance sheet for Just Dew It. (Do not round intermediate calculations and round your answers to 4 decimal places, e.g., 32.1616.)
Just Dew lt Corporation reports the following balance sheet information for 2020 and 2021. Dew lt. (Do not round intermediate calculations and round your answers to 4 decimal olaces, e.g., 32.1616.)Step by Step Solution
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