Question
Use your knowledge of Balance Sheets and common-size statements to fill in the missing dollars and percentages. ASSETS Dollars % Cash$50,000 Accounts Receivable$80,000 Inventory Total
Use your knowledge of Balance Sheets and common-size statements to fill in the missing dollars and percentages.
ASSETSDollars%
Cash$50,000
Accounts Receivable$80,000
Inventory
Total current assets
Gross plant and equipment
Less:accumulated depreciation$130,000
Net plant and equipment$600,000______
Total assets$830,000
LIABILITIES
Accounts payable$12,000
Notes payable$50,000
Total current liabilities
Long-term debt
Total liabilities
Common stock ($5.00par,20,000 shares)
Paid-in capital$250,000
Retained earnings$200,000
Total stockholders' equity
Total liabilities and equity
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Foundations Of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
11th Canadian Edition
1259024970, 978-1259265921
