Calculate the common-size balance sheet from the following information for the company: (2 Marks) Cash 50,000 Accts/Pay
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Calculate the common-size balance sheet from the following information for the company: (2 Marks)
Cash | 50,000 | Accts/Pay | 25,800 |
Acct/Rec | 60,000 | Accrued expenses | 30,000 |
Inventories | 200,500 | Short-term N/P | 9,700 |
Total Current assets | 310,500 | Current liabilities | 65,500 |
Net fixed assets | 132,000 | Long-term debt | 150,000 |
Total assets | 442,500 | Total liabilities | 215,500 |
Owner's equity | 227,000 | ||
Total liabilities and owners’ equity | 442,500 |
Related Book For
Financial and Managerial Accounting the basis for business decisions
ISBN: 978-0078111044
16th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
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