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Just Dew It Corporation reports the following balance sheet information for 2017 and 2018. JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Assets Liabilities and Owners Equity 2017 2018 2017 2018 Current assets Current liabilities Cash Accounts $7,800 $12,250 31,000 64,250 $77,000$ 107,500 Accounts payable Notes payable $ 46,400 $52,750 26,500 5,800 53,400 20,600 receivable Inventory 67,000$ 79,250 $ 46,000 40,000 Common stock and paid-ins 50,000 50,000 237,000330,750 $287000 380,750 Total liabilities and owners $400,000 $500,000 Total Total Long-term debt Owners equity surplus Retained earnings Net plant and equipment $323,000 $392,500 Total Total assets $400,000 $500,000T
Prepare the 2017 and 2018 common-size balance sheets for Just Dew t. (Do not round Intermedlate calculation places, e.g., 32.16.) s. Enter your answers as a percent rounded to 2 decimal %| 2018 2017 Cash 7,800 15,800 53,400 $ 77,000 31,000 64,250 107,500 Total S323,000 S 400,000 392,500 500,000 Total assets rs Equity Current liabilities S46,400 20,600 $67,000 $46,000 52,750 26,500 79,250 40,000 Notes payable Total debt S50,000 237,000 S 287.000 50,000 330,750 380,750 Total < Prev 60f 10 İİİ Next >
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2017 2018 2 Cash 3 Accounts receivable 4 Invento 5 Total $ 7,800| 1.95%) $ 12,250| 2.45% $ 15,800 | 3.95%) $ 31,000| 6.20% $ 53,400| 13.35%) $ 64,250| 12.85% $ 77,000[ 19.25% $107,500 | 21.50% 7 Net plant and equipment $323,000| 80.75%| $392,500| 78.50% 9 Total assets $400,000 100.00%) $500,000 100.00% 11 Accounts payable 12 Notes payable 13 Total $ 46,400 | 11.60%) $ 52,750| 10.55% $ 20,600| 5.15%| $ 26,500| 5.30% $ 67,000[ 16.75%) $ 79,250 | 15.85% $ 46,000 | 11.50%) $ 40,000 | 8.00% 15 Long-term debt 16 Ownerss equit 17 Common stock and paid-in surplus | $ 50,000 | 12.50%| $ 50,000 | 10.00% 18 Accumulated retained earnings | $237,000 | 59.25%| $330,750 | 66.15% 19 20 Total 21 22 Total liabilities and owners equity | $400,000 $287,000 71.75% $380,750 | 76.15% 100.00%) $500,000 100.00%

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