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Question 12 Use your knowledge of balance sheets and common-size statements to fill in the missing dollar amounts. (Round percentage answers to 1 decimal place,
Question 12
Use your knowledge of balance sheets and common-size statements to fill in the missing dollar amounts. (Round percentage answers to 1 decimal place, e.g. 527.5.)
Assets | ||||||
Cash | $24,594 | 3.3 | % | |||
Accounts receivable | $123,007 | % | ||||
Inventory | $ | 27.3 | % | |||
Total current assets | $348,214 | % | ||||
Gross plant and equipment | $ | 95.2 | % | |||
Less: accumulated depreciation | $313,000 | 42.6 | % | |||
Net plant and equipment | $ | % | ||||
Total assets | $735,214 | 100.0 | % | |||
Liabilities | ||||||
Accounts payable | $ | 15.8 | % | |||
Notes payable | $26,794 | 3.6 | % | |||
Total current liabilities | $ | % | ||||
Long-term debt | $245,993 | 33.5 | % | |||
Total liabilities | $389,175 | % | ||||
Common stock ($0.01 par, 450,000 shares) | $4,500 | 0.6 | % | |||
Paid-in capital | $226,340 | 30.8 | % | |||
Retained earnings | $ | % | ||||
Total stockholders' equity | $346,039 | 47.1 | % | |||
Total liabilities and equity | $ | 100.0 | % |
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