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4. Calculate the common-size balance sheet from the following information for the company: (2 Marks) Cash Acct/Rec Inventories Total Current assets Net fixed assets

4. Calculate the common-size balance sheet from the following information for the company: (2 Marks) Cash Acct/Rec Inventories Total Current assets Net fixed assets Total assets 50,000 55,000 300,500 405,500 102,000 507,500 Accts/Pay Accrued expenses Short-term N/P Current liabilities Long-term debt Total liabilities Owner's equity Total liabilities and owners' equity 20,800 40,000 9,700 70,500 70,000 140,500 367,000 507,500

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