Question
1. Required: Analyze the following common size balance sheets: 2016 2015 Current Assets Cash3%5% Accounts receivable 2018 Inventory 35 30 Total current assets5853 Property, plant
1.Required: Analyze the following common size balance sheets:
20162015
Current Assets
Cash3%5%
Accounts receivable 2018
Inventory 3530
Total current assets5853
Property, plant and equipment 3040
Other assets127
Total assets100%100%
Current Liabilities
Accounts payable25%20%
Short-term debt3833
Total current liabilities6353
Long-term debt2217
Total liabilities85 70
Stockholders Equity
Common stock1420
Retained earnings110
Total stockholders' equity15 30
Total liabilities and stockholders' equity 100%100%
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby
6th edition
1259864235, 1259864230, 1260159547, 126015954X, 978-1259864230
