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Question 6 Use your knowledge of balance sheets and common-size statements to fill in the missing dollar amounts. (Round percentage answers to 1 decimal place,

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Question 6 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 $23,302 3.2 % Accounts receivable $123,586 % Inventory 27.4 % Total current assets $348,150 % Gross plant and equipment 95.2 % Less: accumulated depreciation $313,000 42.6 % Net plant and equipment $ % Total assets Liabilities $735,150 100.0 % Accounts payable 16.0 % Notes payable $28,103 3.8 % Total current liabilities % Long-term debt $247,160 33.6 % Total liabilities 5292.619 Inventory 27.4 % $ Total current assets $348,150 % Gross plant and equipment $ 95.2 % Less: accumulated depreciation $313,000 42.6 % Net plant and equipment $ % Total assets Liabilities $735,150 100.0 % Accounts payable 16.0 % Notes payable $28,103 3.8 % Total current liabilities % Long-term debt $247,160 33.6 % Total liabilities $392,618 % Common stock ($0.01 par, 450,000 shares) Paid-in capital $4,500 $222,113 0.6 % 30.2 % Retained earnings Total stockholders' equity % $342,532 46.6 % Total liabilities and equity 100.0 %

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