Spicer Inc. showed the following alphabetized list of adjustedaccount balances at December 31, 2020. Assume that the preferredshares are non-cumulative.
Required:Prepare a classified balance sheet at December 31,2020. (Enter all amounts as positivevalues.)
1. What percentage of the total assets isowned by the shareholders? (Round your final answer tothe nearest whole percent.)
2. What percentage of Spicer Inc. is equityfinanced? (Round your final answer to the nearestwhole percent.)
3. What percentage of Spicer Inc. is financedby debt? (Round your final answer to the nearest wholepercent.)
4. What percentage of the total assets isowned by the commonshareholders? (Round your finalanswer to the nearest whole percent.)
5. What percentage of the assets is financedby the preferred shareholders? (Round your finalanswer to the nearest whole percent.)
6. Not available in Connect.
Spicer Inc. showed the following alphabetized list of adjusted account balances at December 31, 2020. Assume that the pr
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