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2017 and 2018 Balance Sheets Assets 2017 2018 2018 Current assets Cash Accounts receivable Inventory Liabilities and Owners' Equity 2017 Current liabilities Accounts payable $ 40,000 Notes payable 14,240 $ 13,280 7.520 $ 14.600 19,200 51,000 $ 41,800 21.600 42,400 Total $ 63,200 $ 84,800 $ 54,240 $ 63.400 $ 32,000 $ 24,000 Total Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings $ 40.000 193,760 $ 40,000 272.600 Net plant and equipment $256.800 $ 315,200 Total $ 233,760 $ 312.600 Total assets $320,000 $400,000 Total liabilities and owners" equity $320,000 $400.000 Prepare the 2017 and 2018 common-size balance sheets for Just Dew It. (Do not round Intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) 2017 % 2018 96 Assets Current assets Cash $ 14,600 Accounts receivable 13,280 7.520 42.400 63,200 4.15% 2.3596 13.25% 100.00 96 19,200 51.000 84,800 (0.01) % 0.02% (0.01) % 96 S S 80.25% 96 256.800 320,000 315,200 400,000 S 96 96 S 96 Inventory Total Fixed assets Net plant and equipment Total assets Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total Total liabilities and owners' equity 40,000 14,240 54,240 32,000 12.50% 4.45% 100.00% 10.00 96 41,800 21,600 63,400 24,000 S 96 S 96 S 96 40,000 193,760 233,760 320,000 96 12.50 % 16.5096 100.00 % 96 40,000 272,600 312,600 S 96 S 400,000
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