Answer Happy

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 $24,620 % Accounts receivable $124,921 Inventory $ % Total current assets $350,510 % Gross plant and equipment % Less: accumulated depreciation $313,000 98 Net plant and equipment $ X % Total assets $737,510 100.0 Llabilities Accounts payable 96 Notes payable $27,678 Total current liabilities % Long term debt $247.117 Total liabilities $390,797 Common stock ($0.01 par, 450,000 shares) $4,500 Pald-in capital $223.755 Retained earnings $ Total stockholders equity $346,713 Total liabilities and equity 1000