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Select information from a company's year-end balance sheet is shown below. Balance Sheet As of December 31, Year 1 Cash $ 50,000 Accounts receivable 120,000
Select information from a company's year-end balance sheet is shown below. Balance Sheet As of December 31, Year 1 Cash $ 50,000 Accounts receivable 120,000 Inventory 75,000 Property, plant and equipment, net 250,000 Total assets $495,000 Accounts payable $ 35,000 Long-term debt 100,000 Total liabilities 135,000 Common stock 300,000 Retained earnings 60,000 Total equity 360,000 Total liabilities and equity $495,000 Based on the above information, a common-size balance sheet for the company will show Accounts receivables at 24%. Long-term debt at 74%. Property, plant and equipment, net at 69%. Retained earnings at 17%
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