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Chapter 2. Balance Sheet Online Activity

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12 views2 pages

Chapter 2. Balance Sheet Online Activity

Uploaded by

rampatel2884
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as XLSX, PDF, TXT or read online on Scribd
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Common Size Balance sheet

Assets
Current Assets: December 31st 2020 Common size
Cash and cash equivelents $10,000.00
Total Cash 10,000
Long term investments 100,000
Accounts Receviable 150,000
Food inventories 50,000
Prepaid insurance 12,000
Deferred income taxes current 50,000
Total current assets $382,000.00

Non-current recivables, Net of current maturites $80,000.00

Investments $100,000.00

Property and equipment


Land $300,000.00
buildings ###
Equipment $800,000.00
Organization costs(unamortization) $50,000.00
Net property and equipment ###

Other assets
Deferred charges $50,000.00
Deferred income taxes non-current $150,000.00
Total assets $200,000.00

Current liabilites
Accounts payable $50,000.00
income taxes payable $30,000.00
Deferred income taxes- current $50,000.00
Current maturites of long term debt $80,000.00
Wages payable $20,000.00
Allowance of doubtful accounts $10,000.00
Total current liabilites $240,000.00

Long term de, ###


deffered income taxes $150,000.00
Owners equity $500,000.00
Total liabilites and owners equity ###
Common size
2.62%
2.62%
26.17%
39.26%
13.00%
3.14%
13.10%
100%

100%

100%

2%
92%
5.30%
0.33%
100%

25%
75%
100%

21%
12.50%
21%
33.33%
8.33%
4.16%
100%

93.85%
1.41%
4.73%
100%

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