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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 $24,397 3.3 % Accounts receivable $124,914 % Inventory 27.3 % $ Total current assets $350,470 % Gross plant and equipment 94.9 % $ Less: accumulated depreciation $313,000 42.4 % Net plant and equipment % $ Total assets $737,470 100.0 % Liabilities Accounts payable 16.1 % $ Notes payable $26,722 3.6 % Total current liabilities % $ Long-term debt $246,591 33.4 % Total liabilities $391,896 % 0.6 % Common stock ($0.01 par, 450,000 shares) Paid-in capital $4,500 $222,753 30.2 % Retained earnings % $ Total stockholders' equity $345,574 46.9 % Total liabilities and equity 100.0 % $
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