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 $23,588 3.2 %
Accounts receivable $124,887

%
Inventory $

27.2 %
Total current assets $348,956

%
Gross plant and equipment $

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

%
Total assets $735,956 100.0 %
Liabilities
Accounts payable $

15.8 %
Notes payable $28,127 3.8 %
Total current liabilities $

%
Long-term debt $245,109 33.3 %
Total liabilities $389,608

%
Common stock ($0.01 par, 450,000 shares) $4,500 0.6 %
Paid-in capital $225,295 30.6 %
Retained earnings $

%
Total stockholders' equity $346,348 47.1 %
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!