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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,
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 $23,234 3.2 % Accounts receivable $123,846 $ % Inventory 27.4 % Total current assets $348,317 % Gross plant and equipment 95.2 % Less: accumulated depreciation $313,000 42.6 % Net plant and equipment % Total assets $735,317 100.0 % Liabilities Accounts payable 15.9 % Notes payable $28,386 3.9 % Total current liabilities % $ Long-term debt $246,937 33.6 % Total liabilities $392,462 % Common stock ($0.01 par, 450,000 shares) Paid-in capital $4,500 $221,932 0.6 % 30.2 % Retained earnings % $ Total stockholders' equity $342,855 46.6 % Total liabilities and equity 100.0 %
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