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Consider the following income statement for the Heir Jordan Corporation: The balance sheet for...

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Accounting

Consider the following income statement for the Heir Jordan Corporation:

The balance sheet for the Heir Jordan Corporation follows. Based $o n$ this information and the income statement, supply the missing information using the percentage $o f$ sales approach. Assume that accounts payable vary with sales, whereas notes payable $d o$ not. Note: Leave $n o$ cells blank $- b e$ certain $t o$ enter $" 0 "$ whenever the item $i s$ not a constant percentage $o f$ sales. Enter each answer $a s$ a percent rounded $2$ decimal places, $e . g ., 32.16 .$

$\begin{matrix} H E I R J O R D A N C O R P O R A T I O N & ? \\ ? & ? \\ ? & ? \\ ? & ? \\ ? & ? \\ B a l a n c e S h e e t & ? \\ ? & ? \\ ? & ? \\ ? & ? \\ ? & ? \\ ? & ? \\ ? & P e r c e n t a g e o f S a l e s \\ ? & ? \\ ? & P e r c e n t a g e o f S a l e s \\ ? & ? \\ A s s e t s & ? \\ L i a b i l i t i e s a n d O w n e r s' E q u i t y & ? \\ ? & ? \\ ? & ? \\ ? & ? \\ C u r r e n t a s s e t s & ? \\ C u r r e n t l i a b i l i t i e s & ? \\ ? & ? \\ ? & ? \\ ? & ? \\ C a s h & $ \\ 3 & 140 \\ ? & A c c o u n t s p a y a b l e \\ $ & 2 \\ 600 & ? \\ A c c o u n t s r e c e i v a b l e & ? \\ 4 & 200 \\ ? & N o t e s p a y a b l e \\ ? & 5 \\ 700 & ? \\ I n v e n t o r y & ? \\ 6 & 500 \\ ? & ? \\ ? & ? \\ ? & ? \\ T o t a l c u r r e n t a s s e t s & $ \\ 13 & 840 \\ ? & T o t a l c u r r e n t l i a b i l i t i e s \\ $ & 8 \\ 300 & ? \\ ? & ? \\ ? & ? \\ L o n g - t e r m d e b t & $ \\ 28 & 000 \\ ? & ? \\ ? & ? \\ ? & ? \\ O w n e r s' e q u i t y & ? \\ ? & ? \\ ? & ? \\ F i x e d a s s e t s & ? \\ C o m m o n s t o c k a n d p a i d - i n s u r p l u s & $ \\ 5 & 000 \\ ? & ? \\ ? & ? \\ N e t p l a n t a n d e q u i p m e n t & $ \\ 43 & 200 \\ ? & R e t a i n e d e a r n i n g s \\ ? & 15 \\ 740 & ? \\ ? & ? \\ ? & ? \\ T o t a l o w n e r s' e q u i t y & $ \\ 20 & 740 \\ ? & ? \\ T o t a l a s s e t s & $ \\ 57 & 040 \\ ? & T o t a l l i a b i l i t i e s a n d o w n e r s' e q u i t y \\ $ & 57 \\ 040 & ? \end{matrix}$

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