Given the data in the following table, the entry for Inventories on the 2023 common-sized balance sheet was %. Category Accounts payable Accounts receivable Accruals Additional paid in capital Cash Common Stock COGS Current portion long-term debt Depreciation expense Interest expense Inventories Long-term debt Net fixed assets Notes payable Operating expenses (excl. depr.) Retained earnings Sales Taxes 1) 14.04 O2) 15.34 3) 13.59 2022 104,539 320,715 40,500 500,000 17,500 94,000 328,500 33,750 54,000 40,500 379,000 336,461 966,535 148,500 126,000 426,000 639,000 24,750 2023 131,306 ??? 36,750 541,650 47,500 108,000 431,391 35,000 54,859 41,146 258,000 421,194 999,000 222,000 162,322 342,000 845,002 47,658

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Please help me with correct answer thanku 
Given the data in the following table, the entry for Inventories on the 2023
common-sized balance sheet was
%.
Category
Accounts payable
Accounts receivable
Accruals
Additional paid in capital
Cash
Common Stock
COGS
Current portion long-term debt
Depreciation expense
Interest expense
Inventories
Long-term debt
Net fixed assets
Notes payable
Operating expenses (excl. depr.)
Retained earnings
Sales
Taxes
1) 14.04
2) 15.34
3) 13.59
2022
104,539
320,715
40,500
500,000
17,500
94,000
328,500
33,750
54,000
40,500
379,000
336,461
966,535
148,500
126,000
426,000
639,000
24,750
2023,
131,306
???
36,750
541,650
47,500
108,000
431,391
35,000
54,859
41,146
258,000
421,194
999,000
222,000
162,322
342,000
845,002
47,658
Transcribed Image Text:Given the data in the following table, the entry for Inventories on the 2023 common-sized balance sheet was %. Category Accounts payable Accounts receivable Accruals Additional paid in capital Cash Common Stock COGS Current portion long-term debt Depreciation expense Interest expense Inventories Long-term debt Net fixed assets Notes payable Operating expenses (excl. depr.) Retained earnings Sales Taxes 1) 14.04 2) 15.34 3) 13.59 2022 104,539 320,715 40,500 500,000 17,500 94,000 328,500 33,750 54,000 40,500 379,000 336,461 966,535 148,500 126,000 426,000 639,000 24,750 2023, 131,306 ??? 36,750 541,650 47,500 108,000 431,391 35,000 54,859 41,146 258,000 421,194 999,000 222,000 162,322 342,000 845,002 47,658
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