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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 PRINTER VERSION
Use your knowledge of balance sheets and common-size statements to fill in the missing dollar amounts. (Round percentage answers to 1 decimal place
PRINTER VERSION 4 BACK NEXT Assets Cash $23,797 3.2 % Accounts receivable $124,937 % Inventory 27.2 % Total current assets $348,742 % Gross plant and equipment 95.1 % $ Less: accumulated depreciation $313,000 42.5 % Net plant and equipment % $ Total assets $735, 742 100.0 % Liabilities Accounts payable 16.1 % $ Notes payable $28,112 3.8 % Total current liabilities % $ Long-term debt $246,361 33.5 % Total liabilities $392,779 % 0.6 % Common stock ($0.01 par, 450,000 shares) Paid-in capital $4,500 $221,872 30.2 % Retained earnings % $ Total stockholders' equity $342,963 46.6 % Total liabilities and equity 100.0 %Step by Step Solution
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