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

Question

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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Question

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%

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