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Homework answers / question archive / Express the balance sheets in common-size percents
Express the balance sheets in common-size percents. Round to the nearest one-tenth of a percent. SAMSON CORPORATION Balance Sheet As for December 31, 2019 Cash $ 32,000 88,000 110,000 Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets 9,000 270.000 $509,000 Accounts payable $114,000 Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value 85,000 220,000 90.000 Retained earnings Total liabilities and equity $509,000