Question

In: Accounting

year 2016 current assets cash 8814 accounts receivable 22053 inventory 38422 total 69289 fixed assets net...

year 2016 current assets cash 8814 accounts receivable 22053 inventory 38422 total 69289 fixed assets net plant equipment 216790 total asset 286259 liabilities and owners equity current liability accounts payable 42498 not payable 19064 total 61562 long term debt 25600 owners equity common stock and paid in surplus 39600 accumulated retain earnings 159497 total 199097 total liability and owners equity 286259 finding common size

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Expert Solution

Common Size Balance Sheet

Amount

Percentage

Assets

Current Assets

Cash

$ 8814

3.1%

Account Receivable

2205

7.7%

Inventory

38422

13.4%

Total current Assets

$ 69289

24.20%

Fixed Assets

Net Plant and Equipment

216970

75.8%

Total Assets

286259

100%

Liabilities and stockholder’s equity

Current Liabilities

Account payable

42488

14.8%

Note Payable

19064

6.7%

Total current liability

$ 61562

21.5%

Long term debt

25600

8.9%

Shareholder’s equity

Common stock & Paid in surplus

39600

13.8%

Accumulated Retained earnings

159497

55.8%

Total Liability & owner’s equity

$ 286259

100%

Formula :   Analysis amount / base amount x 100

For assets base amount will be total assets

For liability & owner equity base will be total liability & owner equity


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