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Prepare the 2017 and 2018 common-size balance sheets for just dew it. (do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places,

e.G., 32.16.)

User Pumpkinzzz
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5 votes

Answer:

The accounts and other information were missing, so I looked them up:

JUST DEW IT CORPORATION

Balance Sheet

For 2017 and 2018

2017 2018 Cash

source / use

Assets:

Current assets

Cash $12,157 $14,105 source

Accounts receivable $29,382 $32,815 use

Inventory $54,632 $57,204 use

Total current assets $96,171 $104,124

Non-current assets

Net plant and equip. $367,241 $375,830 use

Total assets $463,412 $479,954

Liabilities and stockholders' equity:

Current liabilities

Accounts payable $46,382 $49,276 source

Notes payable $18,246 $19,784 source

Total current liabilities $64,628 $69,060

Long term debt

Long-term debt $49,000 $45,000 use

Owners’ equity

Common stock and

paid-in surplus $50,000 $50,000 -

Retained earnings $299,784 $315,894 source

Total owners' equity $349,784 $365,894

Total liabilities and

stockholders' equity: $463,412 $479,954

User Malthe
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