Question

JUst Dew it Corporetion reports the followtng balance sheet information for 2017 and 2018 JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Lisbilites and Owners' Equity 2017 Assets 2017 2018 2018 31 Current abiltes Accounts payeble Current ssets Cash Accounts celvable, Inventory $ 46,382 $ 49,276 $ 14,105 S 12157 Nates plyable 18.246 19.794 32.815 29,382 57204 54632 s 64,628 S 96,17 $ 104,24 s69060 Total Tots $ 45,000 $.49.000 Langterm dest Orners'equity Common stock snd pald-in s 50000 50,000 surplus Retained eaminga 315,894 299,784 Net plant and $367241 $375,830 $349,784 $385,094 Total equipment Total abiites and owners equity $479 954 Tatal easets $463412 $ 463 412 $ 479.954 Piepere the 2017 and 2018 common-size beance sheets for Just Dewt (Do not round ntermediate calculations and enter your answers es n percent rounded to 2 decimal places, e.g., 32.16.) 2017 2013 Ascets Cumart asocts Cath 12.157 14 100 Accounts recavatie 29.3 542 32.815 57.204 104, 124 inartory Tatal 96.171 Fad ascats Nt pant and auoment 367 241 463 412 375 830 479.04 LUsbiites and Owners Equity Curt tes Accounts paye 46,2 s246 64628 4000 Noos payi 19.784 Tata 66.060 Longem.c 45,000 Cwnens squty Civimon sck and sin suroll $ s0.000) 3154) 36.m4 Aecumuaed aamings 2 784 349 754 Ten4

Answer 1

X ✓ fit =+B2/$B$7 2 Cash 3 Accounts receivable 4 Inventory 5 Total 6 Net plant and equipment 7 Total assets в с D E 2017 2018 $ 12,157 2.62% $ 14,105 2.94% $ 29,382 6.34% $ 32,815 6.84% $ 54,632 11.79% $ 57,204 11.92% $ 96,171 20.75% $ 104,124 21.69% $367,241 79.25% $375,830 78.31% $463,412 100.00% $479,954 100.00% 8 9 Accounts payable $ 46,382 10.01% $ 49,276 10.27% 10 Notes payable $ 18,246 3.94% $ 19,784 4.12% 11 Total $ 64,628 13.95% $ 69,060 14.39% 12 Long-term debt $ 49,000 10.57% $ 45,000 9.38% 13 Owners's equity 14 Common stock and paid-in surplus $ 50,000 10.79% $ 50,000 10.42% 15 Accumulated retained earnings $299,784 64.69% $315.894 | 65.82% 16 17 Total $ 349,78475.48% $365,894 76.24% 18 19 Total liabilities and owner's equity $463,412 (100.00% $479,954 100.00%

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