Common-size financial statements. The balance sheet information for two companies is in the popup window: E. 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 Total ASSETS Co. 1 Assets LIABILITIES Co. 1 Assets Current assets Current liabilities Cash $ 5,380 % Accounts payable $ 12.297 % Investments $ 4,043 % Short-term debt $ 1,182 % Accounts receivable 8,151 % Other short-term Inventory $ 5,272 % liabilities $ ol % Total current assets $ 22,846 % Total current liabilities $ 13,479 % Long-term investments $ 88 % Long-term debt $ 2,966 % Other liabilities $ 4,995 % Net plant, property and equipment $ 9,749 $ 21,440 % % Total liabilities % OWNERS' EQUITY $ 5,341 Goodwill Intangible inti $ 6,181 % Common stock $ 3,014 % Other $ 3,6991 $ -6,784 % % Treasury stock Retained earnings 30,234 % Total owners' equity $ 26,464 % TOTAL LIABILITIES 47,904 100.00 % AND OWNERS' EQUITY TOTAL ASSETS $ $ 47,904 100.00 % Enter any number in the edit fields and then click Check Answer. Common-size financial statements. The balance sheet information for two companies is in the popup window: E. 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 Total ASSETS Co. 1 Assets LIABILITIES Co. 1 Assets Current assets Current liabilities Cash $ 5,380 % Accounts payable $ 12.297 % Investments $ 4,043 % Short-term debt $ 1,182 % Accounts receivable 8,151 % Other short-term Inventory $ 5,272 % liabilities $ ol % Total current assets $ 22,846 % Total current liabilities $ 13,479 % Long-term investments $ 88 % Long-term debt $ 2,966 % Other liabilities $ 4,995 % Net plant, property and equipment $ 9,749 $ 21,440 % % Total liabilities % OWNERS' EQUITY $ 5,341 Goodwill Intangible inti $ 6,181 % Common stock $ 3,014 % Other $ 3,6991 $ -6,784 % % Treasury stock Retained earnings 30,234 % Total owners' equity $ 26,464 % TOTAL LIABILITIES 47,904 100.00 % AND OWNERS' EQUITY TOTAL ASSETS $ $ 47,904 100.00 % Enter any number in the edit fields and then click Check