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present the balance sheet in common size format. Please show work :) JOULU TUUUV. Last Year 0 Sabin Electronics Comparative Balance Sheet This Year Assets
present the balance sheet in common size format. Please show work :)
JOULU TUUUV. Last Year 0 Sabin Electronics Comparative Balance Sheet This Year Assets Current assets: Cash $ 70,000 Marketable securities Accounts receivable, net 480,000 Inventory .... 950,000 Prepaid expenses ......... 20,000 Total current assets ..... 1,520,000 Plant and equipment, net ..... 1,480,000 Total assets $3,000,000 Liabilities and Stockholders' Equity Liabilities: Current liabilities $ 800,000 Bonds payable, 12% .... 600,000 Total liabilities 1,400,000 Stockholders' equity: Common stock, $15 par ............... 750,000 Retained earnings 850,000 Total stockholders' equity ........ 1,600,000 $3,000,000 Total liabilities and stockholders' equity ... $ 150,000 18,000 300,000 600,000 22,000 1,090,000 1,370,000 $2,460,000 $ 430,000 600,000 1,030,000 750,000 680,000 1,430,000 $2,460,000Step by Step Solution
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