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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

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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 Total Balance Total Balance. Co. 1 ASSETS Co. 1 Assets Assets Current assets Cash $ 12,369 Investments $ 1.148 Accounts receivable Inventory $ 0 Total current assets $ 13,517 Long-term investments $ 2,932 Net plant, property $ 4,839 and equipment $ 21,288 $ 3,042 -6,753 % 30,236 % $ 26,525 % $ 47,813 100.00 % Goodwill Intangible Other TOTAL ASSETS S 5,327 4,013 $ 8,090 $ 5,338 $ 22,768 $ 77 $ 9,862 5,338 6,035 3,733 Retained earnings Total owners' equity TOTAL LIABILITIES $ 47,813 100.00% AND OWNERS' EQUITY $ $ 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 en $ $ % % % % % % %

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