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 similarindustries? What appears to be the major difference in financing for these two companies?

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 Assets Balance Total Balance Co. 1 Co. 1 ASSETS Current assets Cash Assets LIABILITIES Current liabilities 5,311% Accounts payable $ 12,335 S1,123 S4,169 receivable 8,066 % Short-term debt % | Other short-term liabilities S 5,34 Total current assets S 22,887 % Total current liabilities S 13,458 $ 2,858 S 4,823 S 21,139 Long-term investments Net plant, property % |Long-term debt Other liabilities % | Total liabilities and equipment Goodwil Intangible Other S 9,743 $ 5,291 S 6,063 $ 3,642 1 % |OWNERS' EQUITY % Common stock S 3,051 $ -6,663 S 30,176 S 26,564 % |Treasury stock Retained earnings Total owners' equity TOTAL LIABILITIES TOTAL ASSETS $ 47,703 100.00 % AND OWNERS' EQUITY 47,703 100.00 %