Prepare the 2020 and 2021 common-size balance sheets for Just Dew It. Just Dew It Corporation reports
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Prepare the 2020 and 2021 common-size balance sheets for Just Dew It.
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Just Dew It Corporation reports the following balance sheet information for 2020 and 2021. Assets 2020 Current assets Cash Accounts receivable Inventory $ 7,800 15,800 31,000 53,400 64,250 $12,250 JUST DEW IT CORPORATION 2020 and 2021 Balance Sheets 2021 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable 2020 2021 $ 46,400 $52,750 20,600 26,500 Total $77,000 $107,500 Total Long-term debt $ 67,000 $ 79,250 $ 46,000 $40,000 Owners' equity Common stock and paid-in surplus $50,000 $50,000 Retained earnings 237,000 330,750 $ $ $ Net plant and equipment Total $287,000 323,000 392,500 380,750 $ $ $ $ Total assets Total liabilities and owners' equity 400,000 500,000 400,000 500,000 Based on the balance sheets given for Just Dew It: Just Dew It Corporation reports the following balance sheet information for 2020 and 2021. Assets 2020 Current assets Cash Accounts receivable Inventory $ 7,800 15,800 31,000 53,400 64,250 $12,250 JUST DEW IT CORPORATION 2020 and 2021 Balance Sheets 2021 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable 2020 2021 $ 46,400 $52,750 20,600 26,500 Total $77,000 $107,500 Total Long-term debt $ 67,000 $ 79,250 $ 46,000 $40,000 Owners' equity Common stock and paid-in surplus $50,000 $50,000 Retained earnings 237,000 330,750 $ $ $ Net plant and equipment Total $287,000 323,000 392,500 380,750 $ $ $ $ Total assets Total liabilities and owners' equity 400,000 500,000 400,000 500,000 Based on the balance sheets given for Just Dew It:
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Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781265553609
13th Edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
Posted Date:
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