Just Dew It Corporation reports the following balance sheet information for 2017 and 2018. JUST DEW IT...

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Just Dew It Corporation reports the following balance sheetinformation 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 $ 11,250 $ 19,440       Accounts payable $ 30,600 $ 49,200
      Accounts receivable 11,850 16,080       Notes payable 24,900 31,200
      Inventory 39,150 60,240
        Total $ 62,250 $ 95,760         Total $ 55,500 $ 80,400
  Long-term debt $ 27,000 $ 24,000
  Owners’ equity
      Common stock and paid-insurplus $ 48,000 $ 48,000
      Retained earnings 169,500 327,600
  Net plant and equipment $ 237,750 $ 384,240   Total $ 217,500 $ 375,600
  Total assets $ 300,000 $ 480,000   Total liabilities and owners’ equity $ 300,000 $ 480,000

Prepare the 2017 and 2018 common-size balance sheets for JustDew It. (Do not round intermediate calculations. Enter youranswers as a percent rounded to 2 decimal places, e.g.,32.16.)

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JUST DEW IT CORPORATION
2017 and 2018 Balance Sheets
	2017	%	2018	%		2017	%	2018	%

Current assets					Current liabilities
Cash	11,250	3.75%	19,440	4.05%	Accounts payable	30,600	10.20%	49,200	10.25%
Accounts receivable	11,850	3.95%	16,080	3.35%	Notes payable	24,900	8.30%	31,200	6.50%
Inventory	39,150	13.05%	60,240	12.55%

Total	62,250	20.75%	95,760	19.95%	Total	55,500	18.50%	80,400	16.75%

					Long-term debt	27,000	9.00%	24,000	5.00%

					Owners’ equity
					Common stock and paid-in surplus	48,000	16.00%	48,000	10.00%
					Retained earnings	1,69,500	56.50%	3,27,600	68.25%

Net plant and equipment	2,37,750	79.25%	3,84,240	80.05%	Total	2,17,500	72.50%	3,75,600	78.25%

Total assets	3,00,000	100.00%	4,80,000	100.00%	Total liabilities and owners’ equity	3,00,000	100.00%	4,80,000	100.00%

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Just Dew It Corporation reports the following balance sheetinformation for 2017 and 2018.JUST DEW IT CORPORATION2017 and 2018 Balance SheetsAssetsLiabilities and Owners’ Equity2017201820172018 Current assets Current liabilities Cash$11,250$19,440 Accounts payable$30,600$49,200 Accounts receivable11,85016,080 Notes payable24,90031,200 Inventory39,15060,240 Total$62,250$95,760 Total$55,500$80,400 Long-term debt$27,000$24,000 Owners’ equity Common stock and paid-insurplus$48,000$48,000 Retained earnings169,500327,600 Net plant and equipment$237,750$384,240 Total$217,500$375,600 Total assets$300,000$480,000 Total liabilities and owners’ equity$300,000$480,000 Prepare the 2017 and 2018 common-size balance sheets for JustDew It. (Do not round intermediate calculations. Enter youranswers as a percent rounded to 2 decimal places, e.g.,32.16.)

JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets
Assets					Liabilities and Owners’ Equity
	2017		2018			2017		2018
Current assets					Current liabilities
Cash	$	11,250	$	19,440	Accounts payable	$	30,600	$	49,200
Accounts receivable		11,850		16,080	Notes payable		24,900		31,200
Inventory		39,150		60,240

Total	$	62,250	$	95,760	Total	$	55,500	$	80,400

					Long-term debt	$	27,000	$	24,000

					Owners’ equity
					Common stock and paid-insurplus	$	48,000	$	48,000
					Retained earnings		169,500		327,600

Net plant and equipment	$	237,750	$	384,240	Total	$	217,500	$	375,600

Total assets	$	300,000	$	480,000	Total liabilities and owners’ equity	$	300,000	$	480,000