CHAPTER 3-5 - Total $68,726 23.26% $76,213 23.48% 1.1089...

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Total $68,726 23.26% $76,213 23.48% 1.1089 1.0095 Fixed assets Net plant and equipment 226,706 76.74% 248,306 76.52% 1.0953 0.9971 Total assets $295,432 100% $324,519 100% 1.0985 1.0000 Liabilities and Owners’ Equity Current liabilities Accounts payable $43,050 14.57% $46,821 14.43% 1.0876 0.9901 Notes payable 18,384 6.22% 17,382 5.36% 0.9455 0.8608 Total $61,434 20.79% $64,203 19.78% 1.0451 0.9514 Long-term debt 25,000 8.46% 32,000 9.86% 1.2800 1.1653 Owners' equity Common stock and paid-in surplus $40,000 13.54% $40,000 12.33% 1.0000 0.9104 Accumulated retained earnings 168,998 57.20% 188,316 58.03% 1.1143 1.0144 Total $208,998 70.74% $228,316 70.36% 1.0924 0.9945 Total liabilities and owners' equity $295,432 100% $324,519 100% 1.0985 1.0000 The common-size balance sheet answers are found by dividing each category by total assets. For example, the cash percentage for 2008 is: $8,436 / $295,432 = .0286 or 2.86% This means that cash is 2.86% of total assets. The common-base year answers for Question 14 are found by dividing each category value for
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