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Just Dew It Corporation reports the following balance sheet information for 2014 and 2015.


JUST DEW IT CORPORATION
2014 and 2015 Balance Sheets
Assets Liabilities and Owners’ Equity
2014 2015 2014 2015
Current assets Current liabilities
Cash $ 6,600 $ 12,750 Accounts payable $ 50,000 $ 68,750
Accounts receivable 12,200 14,250 Notes payable 19,000 35,500
Inventory 78,200 95,250
Total $ 97,000 $ 122,250 Total $ 69,000 $ 104,250
Long-term debt $ 48,000 $ 45,000
Owners’ equity
Common stock and paid-in surplus $ 50,000 $ 50,000
Retained earnings 233,000 300,750
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

Prepare the 2014 and 2015 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.)

2014 2015
Assets
Current assets
Cash $ 6,600 % $ 12,750 %
Accounts receivable 12,200 % 14,250 %
Inventory 78,200 % 95,250 %
Total $ 97,000 % $ 122,250 %
Fixed assets
Net plant and equipment $ 303,000 % $ 377,750 %
Total assets $ 400,000 % $ 500,000 %
Liabilities and Owners’ Equity
Current liabilities
Accounts payable $ 50,000 % $ 68,750 %
Notes payable 19,000 % 35,500 %
Total $ 69,000 % $ 104,250 %
Long-term debt $ 48,000 % $ 45,000 %
Owners' equity
Common stock and paid-in surplus $ 50,000 % $ 50,000 %
Accumulated retained earnings 233,000 % 300,750 %
Total $ 283,000 % $ 350,750 %
Total liabilities and owners' equity $ 400,000 % $ 500,000 %

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Keith Leannon
Keith LeannonLv2
28 Sep 2019

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