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Common-Size Balance Sheets Following is the balance sheet for 3M Company. Prepare common-size balance sheets for 2014 and 2013. Round answers to one decimal place.
Common-Size Balance Sheets Following is the balance sheet for 3M Company. Prepare common-size balance sheets for 2014 and 2013. Round answers to one decimal place. (.e., 0.8867 = 88.7%) 3M Company and Subsidiaries Common-size Balance Sheets ($ millions) Dec. 31, 2014 Cash and cash equivalents $2,673 Accounts receivable 4,328 Total inventories 3,856 Other current assets 1,388 Total current assets 12,245 Investments 1,080 Property, plant and equipment, net 8,579 Goodwill 7,200 Intangible assets, net 1,585 Other assets 1,690 Total assets $32,379 Short-term debt & current portion of L-T debt $256 Accounts payable 1,897 Accrued payroll 882 Accrued income taxes 525 Other current liabilities 3,008 Total current liabilities 6,568 Long-term debt 6,881 Other liabilities 5,488 Total liabilities 18,937 Stockholders' equity, net 13,442 Total liabilities and stockholders' equity $32,379 Dec. 31, 2013 96 $3,427 96 4,403 96 3,954 1,429 96 13,213 96 1,665 8,802 96 7,495 96 1,778 96 1,707 96 $34,660 96 $1,833 96 1,889 858 507 96 3,041 96 8,128 96 4,416 3,868 96 16,412 96 18,248 96 $34,660
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