finance Just Dew It Corporation reports the following balance sheet information for 2014 and 2015.
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| | | | JUST DEW IT CORPORATION 2014 and 2015 Balance Sheets | | |
|---------------------------|:------------:|:------------:|------------------------------------------------------|:------------:|:------------:|
| **Assets** | | | **Liabilities and Owner's Equity** | | |
| | **2014** | **2015** | | **2014** | **2015** |
| Current assets | | | Current Liabilities | | |
|  Cash | $11,135 |$13,407 |  Accounts payable | $45,166 |$48,185 |
|  Accounts receivable | 28,419 | 30,915 |  Notes payable | 17,773 | 18,257 |
|  Inventory | 51,163 | 56,295 |   Total | $62,939 |$66,442 |
|   Total | $90,717 |$100,617 | | | |
| | | | Long-term debt | $44,000 |$39,000 |
| | | | Owner's equity | | |
| | | |  Common stock and paid-in surplus | $50,000 |$50,000 |
| | | |  Retained earnings | 260,234 | 302,735 |
| New plant and equipment | $326,456 |$357,560 |  Total | $310,234 |$352,735 |
| Total assets | **$417,713** | **$458,177** | Total liabilities and owner's equity | **$417,173** | **$458,177** |
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Prepare the 2014 and 2015 common-size balance sheets of Just Dew it. 1st Edition•ISBN: 9781938168178Glen Krutz412 solutions
16th Edition•ISBN: 9780133905045George C. Edwards III, Martin P. Wattenberg, Robert L. Lineberry269 solutions
11th Edition•ISBN: 9781305093300 (1 more)Michael D. Reisig, Todd R. Clear160 solutions
9th Edition•ISBN: 9781337531658Christina Dejong, Christopher E. Smith, George F Cole105 solutions