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From the Following Balance Sheet for Bricks Corporation,compute the Common-Size

Question 32

Essay

From the following balance sheet for Bricks Corporation,compute the common-size balance sheet amounts.(Round all percentages to nearest tenth of a percent.)
 Amount  Percent  Current Assets $40,000 Plant and Equipment 360,000 Total Assets 400,000 Current Liabilities $100,000 Long-term Liabilities 180,000 Common Stock 80,000 Retained Earnings 40,000 Total Liabilities and  Stockholders’ Equity $400,000\begin{array} { l r l } & \text { Amount } & \text { Percent } \\\text { Current Assets } & \$ 40,000 & ---- \\\text { Plant and Equipment } & \underline { 360,000 } & ---- \\\text { Total Assets } & \underline { \underline { 400,000 } } & ---- \\& & \\\text { Current Liabilities } &\$ 100,000 & ---- \\\text { Long-term Liabilities } &180,000 & ---- \\\text { Common Stock } & 80,000 & ----\\\text { Retained Earnings } &\underline { 40,000 } &---- \\\text { Total Liabilities and } & & \\\text { Stockholders' Equity } &\underline { \$ 400,000 }&----\end{array}

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