Common-Size Balance Sheet The following data are taken from the comparative balance sheet prepared for Elison Company:

Sales for 2009 were $2,000,000. Sales for 2008 were $1,600,000.
1. Prepare the asset section of a common-size balance sheet for Elison Company for 2009 and 2008.
2. Overall, Elison is less efficient at using its assets to generate sales in 2009 than in 2008.
What asset or assets are responsible for this decreased efficiency?

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Cash.. Accounts receivable Inventories Property, plant, and equipment Total assets 2009 $ 68,000 2008 $ 50,000 80,000 86,000 136,000 60,000 182,000 110,000 $472,000 $300,000