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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 $24,411 3.3 %
Accounts receivable $123,314

%
Inventory $

27.3 %
Total current assets $348,525

%
Gross plant and equipment $

95.2 %
Less: accumulated depreciation $313,000 42.6 %
Net plant and equipment $

%
Total assets $735,525 100.0 %
Liabilities
Accounts payable $

16.1 %
Notes payable $27,012 3.7 %
Total current liabilities $

%
Long-term debt $247,052 33.6 %
Total liabilities $392,375

%
Common stock ($0.01 par, 450,000 shares) $4,500 0.6 %
Paid-in capital $222,679 30.3 %
Retained earnings $

%
Total stockholders' equity $343,150 46.7 %
Total liabilities and equity $

100.0 %

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