Question: Your answer is partially correct. Try again. Use your knowledge of balance sheets and common-size statements to fill in the missing dollar amounts. (Round percentage

Your answer is partially correct. Try again.

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 $24,774 3.4 %
Accounts receivable $123,848

%
Inventory $

27.3 %
Total current assets $349,450

%
Gross plant and equipment $

95.1 %
Less: accumulated depreciation $313,000 42.5 %
Net plant and equipment $

%
Total assets $736,450 100.0 %
Liabilities
Accounts payable $

15.8 %
Notes payable $27,577 3.7 %
Total current liabilities $

%
Long-term debt $247,695 33.6 %
Total liabilities $391,734

%
Common stock ($0.01 par, 450,000 shares) $4,500 0.6 %
Paid-in capital $224,896 30.5 %
Retained earnings $

%
Total stockholders' equity $344,716 46.8 %
Total liabilities and equity $

100.0 %

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!