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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 | $24,569 | 3.3 | % | |||
Accounts receivable | $123,347 | % | ||||
Inventory | $ | 27.4 | % | |||
Total current assets | $349,486 | % | ||||
Gross plant and equipment | $ | 95.0 | % | |||
Less: accumulated depreciation | $313,000 | 42.5 | % | |||
Net plant and equipment | $ | % | ||||
Total assets | $736,486 | 100.0 | % | |||
Liabilities | ||||||
Accounts payable | $ | 15.8 | % | |||
Notes payable | $27,891 | 3.8 | % | |||
Total current liabilities | $ | % | ||||
Long-term debt | $245,078 | 33.3 | % | |||
Total liabilities | $389,453 | % | ||||
Common stock ($0.01 par, 450,000 shares) | $4,500 | 0.6 | % | |||
Paid-in capital | $223,815 | 30.4 | % | |||
Retained earnings | $ | % | ||||
Total stockholders' equity | $347,033 | 47.1 | % | |||
Total liabilities and equity | $ | 100.0 | % |
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