Question

Just Dew It Corporation reports the following balance sheet information for 2017 and 2018 Assets 2017 2018 $ Current assets Cash Accounts receivable Inventory 6,600 12,200 78.200 JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $ 12,750 Accounts payable $ 50,000 14,250 Notes payable 19,000 95,250 $ 122,250 Total $ 69.000 Long-term debt $ 48,000 $ 68,750 35,500 Total $ 97,000 $ 104,250 $ 45,000 Owners' equity Common stock and paid-in $ 50.000 surplus Retained earnings 233,000 $ 50,000 300,750 Net plant and equipment $303,000 $377,750 Total $283,000 $ 350,750 Total assets $400,000 $500,000 Total liabilities and owners' equity $400,000 $500,000

Answer 1

D3 E X f =(C3/$C$9)/(B3/$B$9) D 1.5455 0.9344 0.9744 1.0082 0.9974 1.0000 в с Assets 2017 2018 2 Current assets: 3 Cash $ 6,600 $ 12,750 4 Accounts receivable $ 12,200 $ 14,250 5 Inventory $ 78,200 $ 95,250 6 Total $ 97,000 $122,250 7 Fixed assets: 8 Net plant and equipment $ 303,000 $377,750 9 Total assets $ 400,000 $500,000 10 Liabilities and Owner's equity 11 Current liabilities: 12 Accounts payable $ 50,000 $ 68,750 13 Notes payable $ 19,000 $ 35,500 14 Total $ 69,000 $104,250 15 Long-term debt $ 48,000 $ 45,000 16 Owner's equity: 17 common stok and paid-in-surplu s 50,000 $ 50.000 18 Accumulated retained earnings $ 233,000 $300,750 19 Total $ 283,000 $350,750 20 total liabilities and Owner's equit $ 400,000 $500,000 1.1000 1.4947 1.2087 0.7500 0.8000 1.0326 0.9915 1.0000

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