Calculate the common-size ratios

Reference no: EM13279279

Prepare the balance-sheet for Varun Inc. based on the following information: At the end of year 2012, the company had cash balance worth $ 210,000, accounts payable of $522,000, current liability of $714,000, current assets of $984,000. Tangible Net Fixed Assets and Intangible Net Fixed Assets were worth $4,380,000 and $876,000 respectively. Long-term liabilities and Total Liabilities are respectively $2,568,000 and $3,282,000. Common stock is $582,000. a) Find out the following components: (for parts (i) through (vi), 2.5 points each, i.e. 6*2.5 = 15 points) i) Total Net Fixed Asset, ii) Total Assets, iii) Total Liabilities & Owner's Equity, iv) Accumulated Retained Earnings, v) Notes Payable, and vi) Inventory balance b) Calculate the Common-size ratios

Reference no: EM13279279

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