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There are a lot of similar questions to this posted but they don't show how they got the answers. Could you please show/explain how you
There are a lot of similar questions to this posted but they don't show how they got the answers. Could you please show/explain how you get the answers? Thank you.
Just Dew It Corporation reports the following balance sheet information. Prepare the common-size balance sheet for Just Dew It. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) Assets Current assets Cash Accounts receivable Inventory $ 13,280 7,520 42,400 % % % Total $ 63,200 % Fixed assets Net plant and equipment $256,800 % Total assets $320,000 % Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable $ 40.000 14,240 % % % % Total $ 54,240 Long-term debt $ 32,000 Owners' equity Common stock and paid-in surplus $ 40,000 Accumulated retained earnings 193,760 % Total $ 233,760 % Total liabilities and owners' equity $ 320,000Step by Step Solution
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