**Question 6: Balance Sheets and Common-Size Statements**Use your knowledge of balance sheets and common-size statements to fill in the missing dollar amounts. *(Round percentage answers to one decimal place.)*---**Assets**- **Cash**: $24,174 (3.3%)- **Accounts Receivable**: $124,798 (_____ %)- **Inventory**: $_____ (27.3%)- **Total Current Assets**: $350,246 (_____ %)- **Gross Plant and Equipment**: $_____ (94.9%)- **Less: Accumulated Depreciation**: $313,000 (42.5%)- **Net Plant and Equipment**: $_____ (_____ %)- **Total Assets**: $737,246 (100.0%)---**Liabilities**- **Accounts Payable**: $_____ (15.8%)- **Notes Payable**: $28,091 (3.8%)- **Total Current Liabilities**: $_____ (_____ %)- **Long-term Debt**: $244,512 (33.2%)- **Total Liabilities**: $388,863 (_____ %)---**Stockholders' Equity**- **Common Stock ($0.01 par, 450,000 shares)**: $4,500 (0.6%)- **Paid-in Capital**: $224,987 (30.5%)- **Retained Earnings**: $_____ (_____ %)- **Total Stockholders' Equity**: $348,383 (47.3%)---**Total Liabilities and Equity**: $_____ (100.0%)

Calculating the missing dollar amounts and percentages: Excel workings:

Question 6 Use your knowledge of balance sheets and common-size statements to fill in the missing dollar amounts. Assets Cash $24,174 3.3 % Accounts receivable $124,798 % Inventory 27.3 % $. Total current assets $350,246 % Gross plant and equipment 94.9 % $1 Less: accumulated cepreciation $313,000 42.5 % Net plant and equiprnent % $4 Total assets $737,246 100.0 % Liabilities Accounts payable 15.8 % Notes payable $28,091 3.8 % Total current liabilities % Long-term debt $244,512 33.2 % Total liabilities $388,863 Common stock ($0.01 par, 450,000 shares) $4,500 0.6 % Paid-in capital $224,987 30.5 % Retained earnings Total stockholders' equity $348,383 47.3 % Total liabilities and equity 100.0 % %24 %24 %24 %24

Question 6 Use your knowledge of balance sheets and common-size statements to fill in the missing dollar amounts. Assets Cash $24,174 3.3 % Accounts receivable $124,798 % Inventory 27.3 % $. Total current assets $350,246 % Gross plant and equipment 94.9 % $1 Less: accumulated cepreciation $313,000 42.5 % Net plant and equiprnent % $4 Total assets $737,246 100.0 % Liabilities Accounts payable 15.8 % Notes payable $28,091 3.8 % Total current liabilities % Long-term debt $244,512 33.2 % Total liabilities $388,863 Common stock ($0.01 par, 450,000 shares) $4,500 0.6 % Paid-in capital $224,987 30.5 % Retained earnings Total stockholders' equity $348,383 47.3 % Total liabilities and equity 100.0 % %24 %24 %24 %24

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

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