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Please refer to Table 4-1 for the following questions. Table 4-1 Stewart Company Balance Sheet Assets: Cash and marketable securities Accounts receivable Inventories Prepaid expenses

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Please refer to Table 4-1 for the following questions. Table 4-1 Stewart Company Balance Sheet Assets: Cash and marketable securities Accounts receivable Inventories Prepaid expenses Total current assets Fixed assets Less: accum, depr. Net fixed assets Total assets $600,000 900.000 1,500,000 75.000 $3,075,000 8,000,000 (2.075,000) $5,925.000 $9,000,000 $800,000 700,000 Liabilities: Accounts payable Notes payable Accrued taxes Total current liabilities Long-term debt Owner's equity (1 million shares of common stock outstanding) Total liabilities and owner's equity 50.000 $1,550,000 2,500,000 4,950,000 $9,000,000 Net sales (all credit) Less: Cost of goods sold Selling and administrative expense Depreciation expense Interest expense Earnings before taxes Income taxes Net income $10,000,000 (3,000,000) (2,000,000) (250,000) (200,000) 4,550,000 (1.820,000) $2,730,000 Based on the information in Table 4-1, the common size accounts receivable is: 65.83% 10% 34.17% 15.19%

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