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		$23,711			3.2	%
Accounts receivable		$123,564				%
Inventory		$			27.3	%
Total current assets		$347,530				%
Gross plant and equipment		$			95.3	%
Less: accumulated depreciation		$313,000			42.6	%
Net plant and equipment		$				%
Total assets		$734,530			100.0	%
Liabilities
Accounts payable		$			15.9	%
Notes payable		$26,371			3.6	%
Total current liabilities		$				%
Long-term debt		$246,165			33.5	%
Total liabilities		$389,359				%
Common stock ($0.01 par, 450,000 shares)		$4,500			0.6	%
Paid-in capital		$225,489			30.7	%
Retained earnings		$				%
Total stockholders' equity		$345,171			47.0	%
Total liabilities and equity		$			100.0	%