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Just Dew It Corporation reports the following balance sheet information for 2011 and 2012. JUST DEW IT CORPORATION 2011 and 2012 Balance Sheets Assets Liabilities
Just Dew It Corporation reports the following balance sheet information for 2011 and 2012.
JUST DEW IT CORPORATION 2011 and 2012 Balance Sheets | ||||||||||||||||
Assets | Liabilities and Owners Equity | |||||||||||||||
2011 | 2012 | 2011 | 2012 | |||||||||||||
Current assets | Current liabilities | |||||||||||||||
Cash | $ | 9,279 | $ | 11,173 | Accounts payable | $ | 41,060 | $ | 43,805 | |||||||
Accounts receivable | 23,683 | 25,760 | Notes payable | 16,157 | 16,843 | |||||||||||
Inventory | 42,636 | 46,915 | ||||||||||||||
Total | $ | 75,598 | $ | 83,848 | Total | $ | 57,217 | $ | 60,648 | |||||||
Long-term debt | $ | 40,000 | $ | 35,000 | ||||||||||||
Owners equity | ||||||||||||||||
Common stock and paid-in surplus | $ | 50,000 | $ | 50,000 | ||||||||||||
Retained earnings | 200,428 | 236,167 | ||||||||||||||
Net plant and equipment | $ | 272,047 | $ | 297,967 | Total | $ | 250,428 | $ | 286,167 | |||||||
Total assets | $ | 347,645 | $ | 381,815 | Total liabilities and owners equity | $ | 347,645 | $ | 381,815 | |||||||
Prepare the 2011 and 2012 common-size balance sheets for Just Dew It. (Round your answers to 2 decimal places. (e.g., 32.16)) |
2011 | 2012 | ||||||||||||
Assets | |||||||||||||
Current assets | |||||||||||||
Cash | $ | 9,279 | % | $ | 11,173 | % | |||||||
Accounts receivable | 23,683 | % | 25,760 | % | |||||||||
Inventory | 42,636 | % | 46,915 | % | |||||||||
Total | $ | 75,598 | % | $ | 83,848 | % | |||||||
Fixed assets | |||||||||||||
Net plant and equipment | $ | 272,047 | % | $ | 297,967 | % | |||||||
Total assets | $ | 347,645 | % | $ | 381,815 | % | |||||||
Liabilities and Owners Equity | |||||||||||||
Current liabilities | |||||||||||||
Accounts payable | $ | 41,060 | % | $ | 43,805 | % | |||||||
Notes payable | 16,157 | % | 16,843 | % | |||||||||
Total | $ | 57,217 | % | $ | 60,648 | % | |||||||
Long-term debt | $ | 40,000 | % | $ | 35,000 | % | |||||||
Owners' equity | |||||||||||||
Common stock and paid-in surplus | $ | 50,000 | % | $ | 50,000 | % | |||||||
Accumulated retained earnings | 200,428 | % | 236,167 | % | |||||||||
Total | $ | 250,428 | % | $ | 286,167 | % | |||||||
Total liabilities and owners' equity | $ | 347,645 | % | $ | 381,815 | % | |||||||
On This problem we need to find the percentage of 2011 and 2012 I don't mind picture on the notebook or scrap paper.... |
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