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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 $24,175 3.3 % Accounts receivable $124,514 % Inventory 27.2 % Total current assets $349,112 % Gross plant and equipment 95.1 % Less: accumulated depreciation $313,000 42.5 % Net plant and equipment % $ Total assets $736,112 100.0 % Liabilities Accounts payable 15.9 % $ Notes payable $28,203 3.8 % Total current liabilities % $ Long-term debt $245,780 33.4 % Total liabilities $391,233 % 0.6 % Common stock ($0.01 par, 450,000 shares) Paid-in capital $4,500 $224,446 30.5 % Retained earnings % $ Total stockholders' equity $344,879 46.9 % Total liabilities and equity 100.0 % $Step by Step Solution
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