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.) Data Table - X % of Total % of Total Balance Balance JASSETS Co. 1 Assets LIABILITIES Co. 1 Assets Current assets Co. 1 $ 5,241 Current liabilities % Accounts payable % Short-term debt % $ 12,222 $ 1,147 $ % Cash Investments Accounts receivable Inventory 4,012 8.106 $ % Other short-term % liabilities $ 5.264 $ 0 % $ 13,369 % % Total current liabilities % Long-term debt Other liabilities $ 2,8241 Total current assets $ 22,623 Long-term investments $ 83 Net plant, property and equipment $ 9.867 Goodwill $ 5,277 % $ 4,953 % % Total liabilities $ 21,146 % % of % of % of % of Balance Total Balance Total Balance Total Balance Total ASSETS Assets Co. 2 Assets LIABILITIES Co. 1 Assets Co. 2 Assets Current assets Current liabilities Cash $ 5,241 % $ 310 % Accounts payable $ 12,222 % $ 659 % Investments $ 4,012 % $ 346 % Short-term debt $ 1,147 % $ 0 % Accounts receivable $ 8,106 % $ 222 % Other short-term Inventory $ 5,264 % $ 484 % liabilities $ 0 % $ 130 % Total current assets $ 22,623 % $ 1,362 % Total current liabilities $ 13,369 % $ 7891 % Long-term investments $ 83 % $ 290 % Long-term debt $ 2,824 20 % Net plant, property Other liabilities $ 4,953 % $ 40 % and equipment $ 9,867 % $ 1,446 % Total liabilities $ 21,146 % $ 849) % Goodwill $ 5,277 % $ 53 % OWNERS' EQUITY Intangible $ $ 6,051 % $ 30 % Common stock 3.171 % $ 1,074 % Other $ 3.746 % $ 79 % Treasury stock $ -6,660 % $ 0 % Retained earnings $ 29,990 % $ 1,337 % Total owners' equity $ 26,501 % $ 2,411 % TOTAL LIABILITIES TOTAL ASSETS $ 47,647 100.00 % $ 3,260100.00 % AND OWNERS' EQUITY $ 47,647 100.00 % $ 100.00 % $ 3,260 100.00 % 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 % OWNERS' EQUITY $ $ 3,171 % Intangible Other $ -6,660 % $ 29,990 % $ 6,051 % Common stock $ 3,7461 % Treasury stock Retained earnings Total owners' equity TOTAL LIABILITIES $ 47,647 100.00 % AND OWNERS' EQUITY $ 26,501 % TOTAL ASSETS $ 47,647 100.00 % Enter any number in the edit fields and then click Check
