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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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