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Chapter $3$ Homework

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$\backslash$table$[[,\backslash$table$[[$JUST DEW IT CORPORATION$],[2020$ and $2021$ Balance Sheets$]]],[\backslash$table$[[15],[$points$]],$Current assets,,,Current liabilities,,$],[$Cash$,$$$7,800,$$$12,250,$Accounts payable,$$46,400,$$$52,750],[$Accounts receivable,$15,800,31,000,$Notes payable,$20,600,26,500],[$Inventory$,53,400,64,250,,,],[$eBook$,$Total,$$77,000,$$$107,500,$Total,$$67,000,$$$79,250],[$Print$,,,,$Long$-$term debt,$$46,000,$$$40,000],[$References$,,,,,,],[,,,,\backslash$table$[[$Owners$\text{'}$ equity$],[$Common stock and naid$-$in surblus$]],=$$$50\mathrm{.}000,$$$50\mathrm{.}000],[,,,,$Retained earnings,$237,000,330,750],[,$Net plant and equipment,$\backslash$table$[[$$$],[323,000]],392,500,$Total,$$287,000,\backslash$table$[[$$$],[380,750]]],[,$Total assets,$\backslash$table$[[$$$],[400,000]],\backslash$table$[[$$$],[500,000]],$Total liabilities and owners' equity,$\backslash$table$[[$$$],[400,000]],500,000]]$

Prepare the $2020$ and $2021$ common$-$size balance sheets for Just Dew It$.($Do not round intermediate calculations and enter your answers as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

$2$

$15$ points

Prepare the $2020$ and $2021$ common$-$size balance sheets for Just Dew It$.($Do not round intermediate calculations and enter your answers as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

$\backslash$table$[[$Assets$,2020,\%,2021,\%],[,,,],[$Current assets$],[$Cash$,$$$,7,800,\%,$$$,12,250,\%],[$Accounts receivable,,$15,800,\%,,31,000,\%],[$Inventory$,,53,400,\%,,64,250,\%],[$Total$,$$$,77,000,\%,$$$,107,500,\%],[$Fixed assets$],[$Net plant and equipment,$$,323,000,\%,$$$,392,500,\%],[$Total assets,$$,400,000,\%,$$$,500,000,\%],[$Llabilities and Owners' Equity$],[$Current liabilities$],[$Accounts payable,$$,46,400,\%,$$$,52,750,\%],[$Notes payable,,$20,600,\%,,26,500,1\%],[$Total$,$$$,67,000,\%,$$$,79,250,\%],[$Long$-$term debt,$$,46,000,\%,$$$,40,000,1\%],[$Owners$\text{'}$ equity$],[$Common stock and paid$-$in surplus,$$,50,000,$:$\%,$$$,50,000,\%],[$Retained earnings,,$237,000,\%,,330,750,\%],[$Total$,$$$,287,000,\%,$$$,380,750,\%],[$Tntal liahilitios and nume,$$,400$n$,\backslash$phi $\_(\%),$$$,500$n$0$n$,\%]]$