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 $23,989 % Accounts receivable $123,197 % Inventory $ % Total current assets $347,397 % Gross plant and equipment $ % Less: accumulated depreciation $313,000 % Net plant and equipment $ % Total assets $734,397 100.0 % Liabilities Accounts payable $ % Notes payable $26,014 % Total current liabilities $ % Long-term debt $246,126 % Total liabilities $389,101 % Common stock ($0.01 par, 450,000 shares) $4,500 % Paid-in capital $221,912 % Retained earnings $ % Total stockholders' equity $345,296 % Total liabilities and equity $ 100.0 %
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 $23,989 % Accounts receivable $123,197 % Inventory $ % Total current assets $347,397 % Gross plant and equipment $ % Less: accumulated depreciation $313,000 % Net plant and equipment $ % Total assets $734,397 100.0 % Liabilities Accounts payable $ % Notes payable $26,014 % Total current liabilities $ % Long-term debt $246,126 % Total liabilities $389,101 % Common stock ($0.01 par, 450,000 shares) $4,500 % Paid-in capital $221,912 % Retained earnings $ % Total stockholders' equity $345,296 % Total liabilities and equity $ 100.0 %
Financial Reporting, Financial Statement Analysis and Valuation
8th Edition
ISBN:9781285190907
Author:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Publisher:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Chapter8: Investing Activities
Section: Chapter Questions
Problem 1.3AIC: Estimate the average total estimated useful life of depreciable property, plant, and equipment....
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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 | $23,989 | % | ||||
Accounts receivable | $123,197 | % | ||||
Inventory | $ | % | ||||
Total current assets | $347,397 | % | ||||
Gross plant and equipment | $ | % | ||||
Less: |
$313,000 | % | ||||
Net plant and equipment | $ | % | ||||
Total assets | $734,397 | 100.0 | % | |||
Liabilities | ||||||
Accounts payable | $ | % | ||||
Notes payable | $26,014 | % | ||||
Total current liabilities | $ | % | ||||
Long-term debt | $246,126 | % | ||||
Total liabilities | $389,101 | % | ||||
Common stock ($0.01 par, 450,000 shares) | $4,500 | % | ||||
Paid-in capital | $221,912 | % | ||||
$ | % | |||||
Total |
$345,296 | % | ||||
Total liabilities and equity | $ | 100.0 | % |
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