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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