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Use your knowledge of balance sheets and common-size statements to fill in the missing dollar amounts. (Round percentage answers to 1 decimal place, e.g. 527.5.)
Use your knowledge of balance sheets and common-size statements to fill in the missing dollar amounts. (Round percentage answers to 1 decimal place, e.g. 527.5.)
Assets | ||||||
Cash | $24,553 | 3.3 | % | |||
Accounts receivable | $123,572 | % | ||||
Inventory | $ | 27.4 | % | |||
Total current assets | $349,625 | % | ||||
Gross plant and equipment | $ | 95.0 | % | |||
Less: accumulated depreciation | $313,000 | 42.5 | % | |||
Net plant and equipment | $ | % | ||||
Total assets | $736,625 | 100.0 | % | |||
Liabilities | ||||||
Accounts payable | $ | 16.1 | % | |||
Notes payable | $28,729 | 3.9 | % | |||
Total current liabilities | $ | % | ||||
Long-term debt | $247,827 | 33.6 | % | |||
Total liabilities | $395,138 | % | ||||
Common stock ($0.01 par, 450,000 shares) | $4,500 | 0.6 | % | |||
Paid-in capital | $220,297 | 29.9 | % | |||
Retained earnings | $ | % | ||||
Total stockholders' equity | $341,487 | 46.4 | % | |||
Total liabilities and equity | $ | 100.0 | % |
Use your knowledge of balance sheets and common-size statements to fill in the missing dollar amounts. (Round percentage answers to 1 decimal place, e.g. 527.5.) Assets Cash $24,553 3.3 % Accounts receivable $123,572 % Inventory 201,500 27.4 % Total current assets $349,625 % Gross plant and equipment 95.0 % $ Less: accumulated depreciation $313,000 42.5 % Net plant and equipment % $ $736,625 100.0 % Total assets Liabilities Accounts payable 16.1 % Notes payable $28,729 3.9 % Total current liabilities % Long-term debt $247,827 33.6 % Total liabilities $395,138 % 0.6 % Common stock ($0.01 par, 450,000 shares) Paid-in capital $4,500 $220,297 29.9 % Retained earnings % $ Total stockholders' equity $341,487 46.4 % Total liabilities and equity 100.0 %
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