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

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Finance

Just Dew It Corporation reports the following balance sheetinformation for 2017 and 2018.

  

JUST DEW IT CORPORATION
2017 and 2018 Balance Sheets
AssetsLiabilities and Owners’ Equity
2017201820172018
  Current assets  Current liabilities
      Cash$7,950$11,800      Accounts payable$40,500$45,800
      Accounts receivable23,55029,000      Notes payable14,85020,800
      Inventory36,75047,000
        Total$68,250$87,800        Total$55,350$66,600
  Long-term debt$30,000$24,000
  Owners’ equity
      Common stock and paid-insurplus$42,000$42,000
      Retained earnings172,650267,400
  Net plant and equipment$231,750$312,200  Total$214,650$309,400
  Total assets$300,000$400,000  Total liabilities and owners’ equity$300,000$400,000

   

Prepare the 2018 combined common-size, common-base year balancesheet for Just Dew It. (Do not round intermediatecalculations and round your answers to 4 decimal places, e.g.,32.1616.)

  

20172018
Assets
Cash7,95011,800
Accounts receivable23,55029,000
Inventory36,75047,000
Total68,25087,800
Fixed Assets
Net plant and equipment231,750312,200
Total Assets300,000400,0001.0000
Liabilities and Owners' Equity
Current liabilities
Accounts payable40,50045,800
Notes payable14,85020,850
Total55,35066,000
Long-term debt3000024,000
Owners' equity
Common stock and paid-in surplus42,00042,000
Accumulated retained earnings172,650267,400
Total214,650309,400
Total liabilities and owner's equity300,000400,0001.0000

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