Use to answer the questions

7. How much of the long term debt did the compnay pay off during year 2?

8. How much did the company pay in dividends in year 2?

9. Suppose the above information is used to prepare a common-size balance sheet: What percent of the total assest in year 2 are financed with liabilities? (Round to 1 decimal)

Use the financial statements below to answer the questions that follow: Acme Corporation Income Statement Balance Sheet Balma sheet Liabilt ComonstockRetrme)EaningTofalstockhoiro75,00040,00035,00098,00054,00044000 98,000 Total stocknoite 75,00000,273,000 Suppose the above information is used to prepare a common-size income statement: In year 2 , what percent of every sales dollar was paid for wages? [Round to 1 decimal and do not type the '\%' sign; Example: 53.8 for 53.8% ]