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	%