Assets Current assets Cash Accounts receivable Inventory Total 2023 $ 4,000 14,880 61,920 $ 80,800 $ 11,280 20,400 90,480 Notes payable $ 122,160 Total JUST DEW IT CORPORATION 2023 and 2024 Balance Sheets 2024 Liabilities and Owners' Equity Current liabilities Accounts payable 2023 $ 39,040 12,960 2024 $ 48,720 17,280 $ 66,000 $ 52,000 Long-term debt $ 48,000 $ 36,000 Owners' equity Net plant and equipment Total assets $ 239,200 $ 320,000 $ 357,840 $480,000 Common stock and paid-in surplus Retained earnings Total Total liabilities and owners' equity $ 320,000 $ 60,000 160,000 $ 220,000 $ 60,000 318,000 $ 378,000 $ 480,000 Prepare the 2023 and 2024 common-size balance sheets for Just Dew It. Note: Do not round Intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16. 2023 % 2024 % Assets Current assets Cash Accounts receivable Inventory Total $ 4,000 % $ 11,280 % 14,880 % 20,400 % 61,920 % 90,480 % $ 80,800 % $ 122,160 % Fixed assets Net plant and equipment $ 239,200 % $ 357,840 % Total assets $ 320,000 % S 480,000 % Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total Long-term debt $ 39,040 % $ 48,720 % 12,960 % 17,280 % $ 52,000 % S 66,000 % $ 48,000 % $ 36,000 % Owners' equity Common stock and paid-in surplus $ 60,000 % S 60,000 % Retained earnings 160,000 % 318,000 % Total $ 220,000 % S 378,000 % Total liabilities and owners' equity $ 320,000 % $ 480,000 %
Assets Current assets Cash Accounts receivable Inventory Total 2023 $ 4,000 14,880 61,920 $ 80,800 $ 11,280 20,400 90,480 Notes payable $ 122,160 Total JUST DEW IT CORPORATION 2023 and 2024 Balance Sheets 2024 Liabilities and Owners' Equity Current liabilities Accounts payable 2023 $ 39,040 12,960 2024 $ 48,720 17,280 $ 66,000 $ 52,000 Long-term debt $ 48,000 $ 36,000 Owners' equity Net plant and equipment Total assets $ 239,200 $ 320,000 $ 357,840 $480,000 Common stock and paid-in surplus Retained earnings Total Total liabilities and owners' equity $ 320,000 $ 60,000 160,000 $ 220,000 $ 60,000 318,000 $ 378,000 $ 480,000 Prepare the 2023 and 2024 common-size balance sheets for Just Dew It. Note: Do not round Intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16. 2023 % 2024 % Assets Current assets Cash Accounts receivable Inventory Total $ 4,000 % $ 11,280 % 14,880 % 20,400 % 61,920 % 90,480 % $ 80,800 % $ 122,160 % Fixed assets Net plant and equipment $ 239,200 % $ 357,840 % Total assets $ 320,000 % S 480,000 % Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total Long-term debt $ 39,040 % $ 48,720 % 12,960 % 17,280 % $ 52,000 % S 66,000 % $ 48,000 % $ 36,000 % Owners' equity Common stock and paid-in surplus $ 60,000 % S 60,000 % Retained earnings 160,000 % 318,000 % Total $ 220,000 % S 378,000 % Total liabilities and owners' equity $ 320,000 % $ 480,000 %
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Question
not use ai please

Transcribed Image Text:Assets
Current assets
Cash
Accounts receivable
Inventory
Total
2023
$ 4,000
14,880
61,920
$ 80,800
$ 11,280
20,400
90,480
Notes payable
$ 122,160
Total
JUST DEW IT CORPORATION
2023 and 2024 Balance Sheets
2024
Liabilities and Owners' Equity
Current liabilities
Accounts payable
2023
$ 39,040
12,960
2024
$ 48,720
17,280
$ 66,000
$ 52,000
Long-term debt
$ 48,000
$ 36,000
Owners' equity
Net plant and equipment
Total assets
$ 239,200
$ 320,000
$ 357,840
$480,000
Common stock and paid-in surplus
Retained earnings
Total
Total liabilities and owners' equity
$ 320,000
$ 60,000
160,000
$ 220,000
$ 60,000
318,000
$ 378,000
$ 480,000
Prepare the 2023 and 2024 common-size balance sheets for Just Dew It.
Note: Do not round Intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.
2023
%
2024
%
Assets
Current assets
Cash
Accounts receivable
Inventory
Total
$
4,000
%
$
11,280
%
14,880
%
20,400
%
61,920
%
90,480
%
$
80,800
% $
122,160
%
Fixed assets
Net plant and equipment
$
239,200
% $
357,840
%
Total assets
$
320,000
% S
480,000
%
Liabilities and Owners' Equity
Current liabilities
Accounts payable
Notes payable
Total
Long-term debt
$
39,040
%
$
48,720
%
12,960
%
17,280
%
$
52,000
% S
66,000
%
$
48,000
%
$
36,000
%
Owners' equity
Common stock and paid-in surplus
$
60,000
% S
60,000
%
Retained earnings
160,000
%
318,000
%
Total
$
220,000
%
S
378,000
%
Total liabilities and owners' equity
$
320,000
%
$
480,000
%
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