21-24

Name: SOLUTION Enter the appropriate amounts in the shaded cells in columns D, F, J and L. The fractions for columns F and L can be entered by placing an "=" in front. For example, 106/100 can be entered as =106/100 Fletch Inc. Comparative Balance Sheet Data - Historical Cost/Constant Dollar Basis End of First Year End of Second Year HC/CD HC/CD Conversion End of Conversion End of HC/ND Factor Second Year HC/ND Factor Second Year $ 90,000 1.0833 $ 97,500 $ 75,000 1.0000 $ 75,000 60,000 1.0833 65,000 84,000 1.0000 84,000 156,000 $ 306,000 1.2264 191,321 $ 353,821 113,000 $ 272,000 1.2264 138,585 $ 297,585

Cash Receivables Land, buildings, and equipment (net) Total assets