How do you calculate percentages???
Just Dew It Corporation reports the following balance sheet information for 2017 and 2018.
JUST DEW IT CORPORATION 2017 and 2018 Balance Sheet Liabilities and Owners' Equity 2017 2018 Current liabilities $46,382 $49,276 Accounts payable 32,815 19,784 Notes payable 57,204 64,124 Total $64,628 $69,184 Long-term debt $49,000 $45,000
Assets 2017 Current assets Cash Accounts receivable Inventory $257 29,382 54,632 Total $96,171
Owners' equity Common stock and paid-in surplus Retained earnings $50,000 315,894
Net plant and equipment $367,241
Total $349,894
Total assets $463,412 $479,894
Total liabilities and owners' equity $463,412 $479,894
Prepare the 2017 and 2018 common-size balance sheets for Just Dew It. Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places (e.g. 32.16).
2017 %
2018 %
Assets
Current assets
Cash
Accounts receivable
Inventory
12.16
29.38
54.63
96.17
15.14
14.11
32.82
57.20
Fixed assets
387.24
483.41
375.83
479.95
Total assets
100.00
100.00
Liabilities and Owners' Equity
Current liabilities
Accounts payable
Notes payable
Total
46.38
18.25
64.63
49.28
19.78
69.18
Long-term debt
49.00
45.00
50.00
50.00
Owners' equity
Common stock and paid-in surplus
Accumulated retained earnings
Total
50.00
209.78
349.89
50.00
315.89
385.80
Total liabilities and owners' equity
100.00
100.00
