Prepare the 2015 combined common-size, common-base year balance sheet for Just Dew It. Just Dew It Corporation
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Prepare the 2015 combined common-size, common-base year balance sheet for Just Dew It.
Just Dew It Corporation reports the following balance sheet information for 2014 and 2015. Use this information to work Problems 13 through 17.
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JUST DEW IT CORPORATION 2014 and 2015 Balance Sheets Assets Liabilities and Owners' Equity 2014 2015 2014 2015 Current assets Current liabilities Cash $ 11,135 13,407 Accounts payable 45,166 48,185 Inventory Total 28,41930,915 Notes payable 51,163 56,295 90,717 $100,617 17,773 18.257 S 62,939 66,442 S44,000 39,000 Long-term debt Owners' equity Common stock and paid-in surplus 50,000 50,000 Retained earnings 260,234 302,735 $310,234 $352.735 Net plant and equipment $326,456 $357560Total Total liabilities and Total assets $417,173 $458,177owners equity S417,173 $458,177
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Related Book For
Fundamentals of Corporate Finance
ISBN: 978-0077861704
11th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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