Exercise 9-4

Exercise 9-4 - 56.0 560,000 70.0 Intangible assets 120,000 12.0 40,000 5.0 Total assets $1,000,000 100.0 $800,000 100.0 Current liabilities

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Exercise 9-4 Name: Section: Score: 100% Answers are entered in the cells with gray backgrounds. Cells with non-gray backgrounds are protected and cannot be edited. A red asterisk (*) will appear in the column to the right of an incorrect answer. a. HANES COMPANY Comparative Balance Sheet December 31, 2010 and 2009 2010 2009 Amount Percent Amount Percent Current assets $320,000 32.0% $200,000 25.0% Property, plant, and equipment 560,000
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 56.0% 560,000 70.0% Intangible assets 120,000 12.0% 40,000 5.0% Total assets $1,000,000 100.0% $800,000 100.0% Current liabilities $210,000 21.0% $120,000 15.0% Long-term liabilities 350,000 35.0% 300,000 37.5% Common stock 100,000 10.0% 100,000 12.5% Retained earnings 340,000 34.0% 280,000 35.0% Total liabilities and stockholders' equity $1,000,000 100.0% $800,000 100.0% Instructions...
View Full Document

This note was uploaded on 02/23/2012 for the course ACC 101 taught by Professor Jeff during the Spring '12 term at Lansing.

Ask a homework question - tutors are online