Question: PLEASE SHOW YOUR WORK. DON'T RESPOND IF YOU'RE NOT GOING TO ANSWER EVERY QUESTION. Problem 3-13 Preparing Standardized Financial Statements (LO1] Just Dewit Corporation reports

PLEASE SHOW YOUR WORK. DON'T RESPOND IF YOU'RE NOT GOING TO ANSWER EVERY QUESTION.

PLEASE SHOW YOUR WORK. DON'T RESPOND IF YOU'RE NOT GOING TO ANSWER

Problem 3-13 Preparing Standardized Financial Statements (LO1] Just Dewit Corporation reports the following balance sheet information Prepare the common-size balance sheet for Just Dew it. (Do not round Intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g.. 32.16.) . Assets Current assets Cash Accounts recevable Inventory $ 14,200 19.000 51.800 Total $ 85.000 Fixed assets Net plant and equipment $ 315.000 Total assets $400.000 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable $ 58.400 23.400 Total $ 81,800 Long-term debt $ 32.000 Owners' equity Common stock and paid in surplus $ 44,000 Accumulated retained earnings 242.200 % Total $286.200 %6 Total liabilities and owners' equity $ 400.000

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