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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 $23,615 3.2 % Accounts receivable $123,166 % Inventory 27.4 % Total current assets $348,548 % Gross plant and equipment 95.2 % $ Less: accumulated depreciation $313,000 42.6 % Net plant and equipment % $ Total assets $735,548 100.0 % Liabilities Accounts payable 16.0 % $ Notes payable $26,728 3.6 % Total current liabilities % $ Long-term debt $247,707 33.7 % Total liabilities $392,203 % 0.6 % Common stock ($0.01 par, 450,000 shares) Paid-in capital $4,500 $220,474 30.0 % Retained earnings % $ Total stockholders' equity $343,345 46.7 % Total liabilities and equity 100.0 % $
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