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Exercise 9-4 - 56.0 560,000 70.0 Intangible assets 120,000...

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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
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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...
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