analysis of financial statements

Save Homework: P14 (Analysis of Financial Statements) Score: 0 of 1 pt 2 of 6 (5 complete) HW Score: 59.03%, 3.54 of 6 p P14-8 (similar to) Question Help Common-size financial statements. The balance sheet information for two companies is in the popup window: Complete the common-size balance sheet for these companies. Review each company's percentages of total assets. Are these companies operating with similar philosophies or in similar industries? What appears to be the major difference in financing for these two companies? Complete the table below: (Round up to two decimal places.) % of % of Balance Total Balance Balance Total ASSETS Co. 1 Assets LIABILITIES Co. 1 Assets Current assets Cash $ 12,332 % $ $ Current liabilities % Accounts payable % Short-term debt % Other short-term % liabilities 1,0451 Investments Accounts recolvable Inventory % $ 5.379 4,000 $ 8,044 $ 5,376 $ 22,799 $ 85 $ 0 % Total current assets $ 13,377 Long-term investments $ % Total current liabilities % Long-term debt Other liabilities % % $ 2,937 $ 4,816 $ 21,130 % 9,727 Net plant, property and equipment Goodwill Intangible % Total liabilities % $ 5,321 % OWNERS' EQUITY % Common stock S 6,086 3,170 % Enter any number in the edit fields and then click Chock Answer 2 parts remaining Clear All Final Check tv 26 W P 2 of 6 5 GOT Pentag Data Table ane Cat WE % of RO of % of % of Balance Total Balance Total Balance Balance Total Total Co. 2 Assets ASSETS Assets LIABILITIES Co. 1 Assets Assets Co. 2 Current assets Current liabilities 5,379 % 5 304 Cash 12,332 % Accounts payable 5 $ % $ 655 % Investments $ 4.000 %$ 353 % Short-term debt $ 1,045 % $ ol % Accounts receivable $ 8.044 %$ 215 % Other short-term inventory $ 5,378 %$ 494 liabilities $ 0 %$ 129 % Total current assets $ 22,799 %$ 1,366 % Total current liabilities $ 13,377 % S 784 % cong-term investments 85 *S 304 % Long-term dobt $ 2,937 % S 3 % Net plant, property Other liabilities $ 4,816 % S 42 % and equipment $ 9,727 %$ 1.374 % Total liabilities $ 21,130 %$ 829 % Goodall 5 5,321 %$ 54 % OWNERS' EQUITY Intangible $ %$ 30 % Common stock $ %$ 1,075 Other $ 3,676 % S 89 % Treasury stock $ -6,699 %S 0 % Retained earnings $ 30.093 %$ 1,313 % Total owners' equity S 26,564 %$ 2,388 % TOTAL LIABILITIES TOTAL ASSETS $ 47,694 100.00 % $ 3,217 100.00 % AND OWNERS' EQUITY $ 47,694 100.00 % $ 3,217 100,00 % into a spreadsheet Right click on the table and select Copy to clipboard and then right click the highlighted texts in the popup dialogue box and select Copy in order to paste its contents 6,086 3,170 Print Done