Spicer Inc. showed the following alphabetized list of adjusted account balances at December 31, 2017. Assume...
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Spicer Inc. showed the following alphabetized list of adjusted account balances at December 31, 2017. Assume that the preferred shares are non-cumulative. Accounts Payable Accounts Receivable Accumulated depreciation, Equipment Accumulated depreciation, Warehouse Cash Cash Dividends Common Shares Equipment Income Tax Expense Land Notes Payable, due in 2020 Operating Expenses Preferred Shares Retained Earnings Revenue Warehouse 25,760 39,200 10,640 21,280 8,400 19,600 112,000 78,400 40,600 117,600 33,600 109,200 39,200 27,720 271,600 128,800 Current assets: Total current assets Property, plant and equipment: Total property, plant and equipment Total assets Current liabilities: Non Current liabilities: SPICER INC. Balance Sheet December 31, 2017 Assets Liabilities Total liabilities Contributed Capital: Total contributed capital Total equity Total liabilities and equity Equity 1. What percentage of the total assets is owned by the shareholders? (Round the final answer to the nearest whole percent.) Percentage total assets 2. What percentage of Spicer Inc. is equity financed? (Round the final answer to the nearest whole percent.) Percentage of equity financed % Percentage of financed by debt % 3. What percentage of Spicer Inc. is financed by debt? (Round the final answer to the nearest whole percent.) % 4. What percentage of the total assets is owned by the common shareholders? (Round the final answer to the nearest whole percent.) Percentage the total assets 5. What percentage of the assets is financed by the preferred shareholders? (Round the final answer to the nearest whole percent.) Percentage the assets % % Spicer Inc. showed the following alphabetized list of adjusted account balances at December 31, 2017. Assume that the preferred shares are non-cumulative. Accounts Payable Accounts Receivable Accumulated depreciation, Equipment Accumulated depreciation, Warehouse Cash Cash Dividends Common Shares Equipment Income Tax Expense Land Notes Payable, due in 2020 Operating Expenses Preferred Shares Retained Earnings Revenue Warehouse 25,760 39,200 10,640 21,280 8,400 19,600 112,000 78,400 40,600 117,600 33,600 109,200 39,200 27,720 271,600 128,800 Current assets: Total current assets Property, plant and equipment: Total property, plant and equipment Total assets Current liabilities: Non Current liabilities: SPICER INC. Balance Sheet December 31, 2017 Assets Liabilities Total liabilities Contributed Capital: Total contributed capital Total equity Total liabilities and equity Equity 1. What percentage of the total assets is owned by the shareholders? (Round the final answer to the nearest whole percent.) Percentage total assets 2. What percentage of Spicer Inc. is equity financed? (Round the final answer to the nearest whole percent.) Percentage of equity financed % Percentage of financed by debt % 3. What percentage of Spicer Inc. is financed by debt? (Round the final answer to the nearest whole percent.) % 4. What percentage of the total assets is owned by the common shareholders? (Round the final answer to the nearest whole percent.) Percentage the total assets 5. What percentage of the assets is financed by the preferred shareholders? (Round the final answer to the nearest whole percent.) Percentage the assets % %
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Answer rating: 100% (QA)
SPICER INC BALANCE SHEET DEC 312017 CURRENT ASSETS cash 8400 account receivables 39200 total current ... View the full answer
Related Book For
Fundamental Accounting Principles Volume II
ISBN: 978-1260305838
16th Canadian edition
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
Posted Date:
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