Question: Question 12 Use your knowledge of balance sheets and common-size statements to fill in the missing dollar amounts. (Round percentage answers to 1 decimal place,
Question 12
Use your knowledge of balance sheets and common-size statements to fill in the missing dollar amounts. (Round percentage answers to 1 decimal place, e.g. 527.5.)
| Assets | ||||||
| Cash | $23,040 | 3.1 | % | |||
| Accounts receivable | $124,299 | % | ||||
| Inventory | $ | 27.4 | % | |||
| Total current assets | $349,119 | % | ||||
| Gross plant and equipment | $ | 95.1 | % | |||
| Less: accumulated depreciation | $313,000 | 42.5 | % | |||
| Net plant and equipment | $ | % | ||||
| Total assets | $736,119 | 100.0 | % | |||
| Liabilities | ||||||
| Accounts payable | $ | 15.8 | % | |||
| Notes payable | $27,163 | 3.7 | % | |||
| Total current liabilities | $ | % | ||||
| Long-term debt | $244,465 | 33.2 | % | |||
| Total liabilities | $388,124 | % | ||||
| Common stock ($0.01 par, 450,000 shares) | $4,500 | 0.6 | % | |||
| Paid-in capital | $226,992 | 30.8 | % | |||
| Retained earnings | $ | % | ||||
| Total stockholders' equity | $347,995 | 47.3 | % | |||
| Total liabilities and equity | $ | 100.0 | % |
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