Prepare the 2008 and 2009 common-size balance sheets for Just Dew It. JUST DEW IT CORPORATION 2008
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Prepare the 2008 and 2009 common-size balance sheets for Just Dew It.
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JUST DEW IT CORPORATION 2008 and 2009 Balance Sheets Assets Liabilities and Owners' Equity 2009 2008 2009 Current assets Current liabilities Cash $ 8,436 $ 10,157 Accounts payable $ 43,050 $ 46,821 receivable 21,530 23,406 Notes payable 38,760 42,650 18,384 17,382 $ 61,434 $ 64.203 Inventory Total Total S 68,726 $76,213 Long-term debt Owners' equity $ 25,000 $ 32,000 Common stock and paid-in surplus $40,000 $ 40,000 Retained earnings 168,998 188,316 $208,998 $228,316 Net plant and equipment $226,706 $248,306 Total Total liabilities and Total assets $295,432 $324,519 owners' equity $295,432 $324,519
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Given data 2008 2009 2008 2009 Current Assets Current liabilities Cash 8436 10157 Accounts payable 4...View the full answer
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Related Book For
Fundamentals of corporate finance
ISBN: 978-0073382395
9th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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