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Spicer Inc. showed the following alphabetized list of adjusted account balances at December 3 1 , 2 0 2 3 . Assume that the preferred
Spicer Inc. showed the following alphabetized list of adjusted account balances at December Assume that the preferred shares are noncumulative.
Accounts Payable $
Accounts Receivable
Accumulated depreciation, Equipment
Accumulated depreciation, Warehouse
Cash
Cash Dividends
Common Shares
Equipment
Income Tax Expense
Land
Notes Payable, due in
Operating Expenses
Preferred Shares
Retained Earnings
Revenue
Warehouse
Required:
Prepare a classified balance sheet at December Enter all amounts as positive values.
What percentage of the total assets is owned by the shareholders? Round your final answer to the nearest whole percent.
What percentage of Spicer Inc. is equity financed? Round your final answer to the nearest whole percent.
What percentage of Spicer Inc. is financed by debt? Round your final answer to the nearest whole percent.
What percentage of the total assets is owned by the common shareholders? Round your final answer to the nearest whole percent.
What percentage of the assets is financed by the preferred shareholders? Round your final answer to the nearest whole percent.
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