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a. Consider the balance sheet given below and perform Common Size Analysis for the entire balance sheet. Write a detailed comment on the analysis performed

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a. Consider the balance sheet given below and perform Common Size Analysis for the entire balance sheet. Write a detailed comment on the analysis performed and advice how the firm can improve further. b. BUSINESS CONSULTING COMPANY BALANCE SHEET As at December 31, 2015 Assets Current assets: Cash Accounts receivable Prepaid building rent Unexpired insurance Supplies 85.550 4.700 1.500 3.600 250 95 600 Total current assets Non.current assets. Equipment Acc dop - Equipment Total assets 9.000 3.600 5.400 101.000 Liabilities & Stockholders' equity Liabilities Notes payable Accounts payable Salaries payable Income tax payable Uneamed service revenue Total liabilities 5.000 1.600 2,000 3.000 4.400 16.000 50.000 35,000 Stockholders' aqulty Capital stock Retained eamings Total stockholders' equity Total liabilities and stockholders' equity 85,000 101.000

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