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 | % |
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