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Just Dew It Corporation reports the following balance sheet information for 2017 and 2018. Prepare the 2018 combined common-size, common-base year balance sheet for Just
Just Dew It Corporation reports the following balance sheet information for 2017 and 2018.
Prepare the 2018 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.)
Assets 2017 JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $ 14,105 Accounts payable $ 46,382 32,815 Notes payable 18,246 2018 $ 12,157 $ 49,276 Current assets Cash Accounts receivable Inventory 19,784 29,382 54,632 57,204 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 $ 50,000 299,784 315,894 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 2017 2018 Assets Current assets Cash $ 12,157 $ Accounts receivable 14,105 32,815 57,204 29,382 54,632 96,171 Inventory Total $ $ 104,124 Fixed assets Net plant and equipment $ $ 367,241 463,412 375,830 479,954 Total assets $ $ Liabilities and Owners' Equity Current liabilities 49,276 Accounts payable Notes payable 19,784 46,382 $ 18,246 64,628 $ 49,000 $ Total 69,060 45,000 $ Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings $ 50,000 $ 299,784 50,000 315,894 365,894 479,954 Total 349,784 463,412 Total liabilities and owners' equity $ $
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