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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 | $23,787 | % | ||||
Accounts receivable | $123,246 | % | ||||
Inventory | $ | % | ||||
Total current assets | $347,698 | % | ||||
Gross plant and equipment | $ | % | ||||
Less: accumulated depreciation | $313,000 | % | ||||
Net plant and equipment | $ | % | ||||
Total assets | $734,698 | 100.0 | % | |||
Liabilities | ||||||
Accounts payable | $ | % | ||||
Notes payable | $28,303 | % | ||||
Total current liabilities | $ | % | ||||
Long-term debt | $245,010 | % | ||||
Total liabilities | $392,160 | % | ||||
Common stock ($0.01 par, 450,000 shares) | $4,500 | % | ||||
Paid-in capital | $220,559 | % | ||||
Retained earnings | $ | % | ||||
Total stockholders' equity | $342,538 | % | ||||
Total liabilities and equity | $ | 100.0 | % |
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