Just Dew It Corporation reports the following balance sheet
information for 2017 and 2018.
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JUST DEW IT...
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Finance
Just Dew It Corporation reports the following balance sheetinformation for 2017 and 2018.
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JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets
Assets
Liabilities and Owners’ Equity
2017
2018
2017
2018
  Current assets
  Current liabilities
      Cash
$
7,950
$
11,800
      Accounts payable
$
40,500
$
45,800
      Accounts receivable
23,550
29,000
      Notes payable
14,850
20,800
      Inventory
36,750
47,000
        Total
$
68,250
$
87,800
        Total
$
55,350
$
66,600
  Long-term debt
$
30,000
$
24,000
  Owners’ equity
      Common stock and paid-insurplus
$
42,000
$
42,000
      Retained earnings
172,650
267,400
  Net plant and equipment
$
231,750
$
312,200
  Total
$
214,650
$
309,400
  Total assets
$
300,000
$
400,000
  Total liabilities and owners’ equity
$
300,000
$
400,000
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Prepare the 2018 combined common-size, common-base year balancesheet for Just Dew It. (Do not round intermediatecalculations and round your answers to 4 decimal places, e.g.,32.1616.)
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2017
2018
Assets
Cash
7,950
11,800
Accounts receivable
23,550
29,000
Inventory
36,750
47,000
Total
68,250
87,800
Fixed Assets
Net plant and equipment
231,750
312,200
Total Assets
300,000
400,000
1.0000
Liabilities and Owners' Equity
Current liabilities
Accounts payable
40,500
45,800
Notes payable
14,850
20,850
Total
55,350
66,000
Long-term debt
30000
24,000
Owners' equity
Common stock and paid-in surplus
42,000
42,000
Accumulated retained earnings
172,650
267,400
Total
214,650
309,400
Total liabilities and owner's equity
300,000
400,000
1.0000
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