Question: Prepare the 2017 and 2018 common-size balance sheets for Just Dew It (Do not round intermediate calculations. Enter your answers as a percent rounded to

 Prepare the 2017 and 2018 common-size balance sheets for Just Dew

Prepare the 2017 and 2018 common-size balance sheets for Just Dew It (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) 2017 2018 Assets Current assets Cash Accounts receivable Inventory Total $ % % % % 6,600 12 200 78,200 97,000 12,750 14,250 95 250 122,250 % % $ % % S % % 303,000 400.000 S 377,750 500,000 % % $ % * Fixed assets Net plant and equipment Total assets Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total Long-term debt Owners' equity Common stock and paid in surplus Accumulated retained earnings Total Total liabilities and owners' equity 9 % 50 000 19.000 69,000 48.000 % % $ 68.750 35,500 104,250 45.000 % $ 96 $ % % % 50,000 233,000 283,000 400 000 50,000 300.750 350.750 500,000 S % $ 9

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