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Just Dew It Corporation reports the following balance sheet information for 2017 and 2018 JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Assels 2017
Just Dew It Corporation reports the following balance sheet information for 2017 and 2018 JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Assels 2017 2018 2018 Liabilities and Owners' Equity 2017 Current liabilities Accounts payable $ 37,500 Notes payable 11,850 Corrent assets Cash Accounts receivable Inventory $ 8,850 15.750 34,650 $ 46.600 19,400 $ 14,200 23.000 52.200 $ 89,400 Total $ 59.250 Total $ 49,350 $66.000 Long-term debt $ 27,000 $ 24.000 Owners' equity Common stock and paid in $45000 Surplus Retained earnings 178,650 $ 45,000 265,000 Net plant and equipment $240.750 $ 310,600 Total $223.650 $ 310,000 Total assets $300,000 $400,000 Total liabilities and owners! equity $300,000 $400.000 Prepare the 2017 and 2018 common-size balance sheets for Just Dew it. (Do not round Intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) 28 2017 2018 eBook Assets Current assets Cash Accounts receivable Inventory 8,850.00 14.2001 Releroncs 8,850 15,750 34,650 59,250 23 000 52.2001 89,400 Total $ % 240.750 300,000 310.600 400,000 Fixed assets Ner plant and equipment Total assets Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total $ 37,500 11,850 49,350 27,000 46,600 19,400 66,000 24,000 $ $ Long-term debt Owners' equity $ Common stock and paid-in surplus Accumulated retained earnings 45,000 178,6501 223,650 300,000 45,000 265,000 310.000 Total Total liabilities and owners' equity 400,000
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