Analyse the following common size balance sheet as at the end of 2017 and 2016:

Hint: Analyse major changes and potential relationships within the B/S accounts and with other financial statements.

2017 2016 Current assets: 15 Cash Accounts receivable 22 15 25 Inventory 30 Total current assets 57 55 Property, plant and equipment 32 37 Other assets 13 100 Total assets 100 Current liabilities: 35 Accounts payable 27 23 33 Short-term debt Total current liabilities 58 60 20 Long-term debt 17 Total liabilities 77 78 Common stock and paid 10 10 in capital Retained earnings 12 13 Total shareholders' equity 22 23 Total liabilities and 100 100 stockholders' equity