Prepare a comparative balance sheet of Sage Company showing the percent each item is of the...
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Prepare a comparative balance sheet of Sage Company showing the percent each item is of the total assets or total liabilities and stockholders' equity. (Round percentages to 2 decimal places, e.g. 2.25%.) Cash Assets Accounts receivable (net) Short-term investments Inventories Prepaid expenses Plant and equipment Accumulated depreciation Total Common stock Retained earnings $178,400 Total 218,900 271,200 1,068,100 25,000 2,597,900 Liabilities and Stockholders' Equity Accounts payable Accrued expenses Bonds payable (1,008,200) $3,351,300 $49,500 169,600 450,500 2,093,700 588,000 $3,351,300 SAGE COMPANY Comparative Balance Sheet December 31, 2026 and 2025 2026 December 31 % % % % % % % % % % % % % $277,400 156,300 151,500 980,700 25,000 1,964,800 (745,200) $2,810,500 $74,400 199,200 190,000 1,776,800 570,100 $2,810,500 2025 % % % % X % % % % % % Presented below is the comparative balance sheet for Sage Company. Sage Company Comparative Balance Sheet As of December 31 Assets Cash Accounts receivable (net) Short-term investments Inventories Prepaid expenses Plant & equipment Accumulated depreciation Liabilities and Stockholders' Equity. Accounts payable Accrued expenses Bonds payable Common stock Retained earnings December 31 2026 2025 $277,400 156,300 $178,400 218,900 271,200 151,500 1,068,100 980,700 25,000 25,000 2,597,900 1,964,800 (1,008,200) (745,200) $3,351,300 $2,810,500 $49,500 $74,400 169,600 199,200 450,500 190,000 2,093,700 1,776,800 588,000 570,100 $3,351,300 $2,810,500 Prepare a comparative balance sheet of Sage Company showing the percent each item is of the total assets or total liabilities and stockholders' equity. (Round percentages to 2 decimal places, e.g. 2.25%.) Cash Assets Accounts receivable (net) Short-term investments Inventories Prepaid expenses Plant and equipment Accumulated depreciation Total Common stock Retained earnings $178,400 Total 218,900 271,200 1,068,100 25,000 2,597,900 Liabilities and Stockholders' Equity Accounts payable Accrued expenses Bonds payable (1,008,200) $3,351,300 $49,500 169,600 450,500 2,093,700 588,000 $3,351,300 SAGE COMPANY Comparative Balance Sheet December 31, 2026 and 2025 2026 December 31 % % % % % % % % % % % % % $277,400 156,300 151,500 980,700 25,000 1,964,800 (745,200) $2,810,500 $74,400 199,200 190,000 1,776,800 570,100 $2,810,500 2025 % % % % X % % % % % % Presented below is the comparative balance sheet for Sage Company. Sage Company Comparative Balance Sheet As of December 31 Assets Cash Accounts receivable (net) Short-term investments Inventories Prepaid expenses Plant & equipment Accumulated depreciation Liabilities and Stockholders' Equity. Accounts payable Accrued expenses Bonds payable Common stock Retained earnings December 31 2026 2025 $277,400 156,300 $178,400 218,900 271,200 151,500 1,068,100 980,700 25,000 25,000 2,597,900 1,964,800 (1,008,200) (745,200) $3,351,300 $2,810,500 $49,500 $74,400 169,600 199,200 450,500 190,000 2,093,700 1,776,800 588,000 570,100 $3,351,300 $2,810,500
Expert Answer:
Answer rating: 100% (QA)
Workings for calculating the percentages for each item 2026 Cash Cash balance is 178400 Total assets are 3351300 To calculate percentage Cash balance ... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0470423684
13th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
Posted Date:
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