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Use your knowledge of balance sheets and common-size statements to fill in the missing dollar amounts: ASSETS Cash $25,000 3.4% Accounts receivable $125,000 _____ Inventory

Use your knowledge of balance sheets and common-size statements to fill in the missing dollar amounts: ASSETS Cash $25,000 3.4% Accounts receivable $125,000 _____ Inventory _______ 27.1% Total current assets $350,000 ______ Gross plant and equipment _______ 95.0% Less: accumulated depreciation $313,000 42.5% Net plant and equipment _______ ______ Total assets $737,000 100.0% LIABILITIES Accounts payable _______ 15.7% Notes payable $29,000 3.9% Total current liabilities _______ _____ Long-term debt $248,000 33.6% Total liabilities $393,000 _____ Common stock ($.01 par, 450,000 shares) $4,500 0.6% Paid-in capital $220,500 29.9% Retained earnings _______ _____ Total stockholders equity $344,000 46.7% Total liabilities and equity _______ 100.0%

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