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Common - size financial statement: please help me solve ( see the image below for all the required information ) Common-size financial statements. The balance
Commonsize financial statement: please help me solve see the image below for all the required information
Common-size financial statements. The balance sheet information for two companies is in the popup window: two companies? Complete the table below: (Round up to two decimal places.) 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 Balance co. 1 % of Total Assets Balance co. 1 % of Total Assets ASSETS Current assets Cash Investments Accounts receivable Inventory Total current assets Long-term investments Net plant, property and equipment Goodwill Intangible Other TOTAL ASSETS 5,361 4,109 5,225 % 22,802 0/0 85 0/0 9,780 5,212 % 6,098 % 3,779 LIABILITIES Current liabilities Accounts payable Short-term debt Other short-term liabilities Total current liabilities Long-term debt Other liabilities Total liabilities OWNERS' EQUITY Common stock Treasury stock Retained earnings Total owners' equity TOTAL LIABILITIES AND OWNERS' EQUITY 12,332 0/0 1,101 13,433 0/0 2,908 0/0 4,877 21,218 0/0 3,081 -6,725 0/0 30,182 26,538 0/0 47,756 100.00 0/0 Data table ASSETS Current assets Cash Investments Accounts receivable Inventory Total current assets Long-term investments Net plant, property and equipment Goodwill Intangible Other TOTAL ASSETS Balance co. 1 5,361 8,107 5,225 22,802 85 9,780 5,212 6,098 3,779 % of Total Assets Balance co. 2 299 353 218 481 1,351 295 1 ,451 62 23 74 % of Total Assets LIABILITIES Current liabilities Accounts payable Short-term debt Other short-term liabilities Total current liabilities Long-term debt Other liabilities Total liabilities OWNERS' EQUITY Common stock Treasury stock Retained earnings Total owners' equity TOTAL LIABILITIES AND OWNERS' EQUITY Balance co. 1 12,332 1,101 0 13,433 2,908 4,877 21,218 3,081 -6,725 30,182 26,538 % of Total Assets Balance co. 2 669 0 112 781 18 53 852 929 0 1 ,475 2,404 % of Total Assets 47,756 100.00 0/0 47,756 100.00 0/0 3,256 100.00 0/0 47,756 100.00 0/0 3,256 100.00 0/0 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 into a spreadsheet. print Done
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