Exercise 12-62 Vertical Analysis of Balance Sheets Consolidated balance sheets for Karofsky Computer follow. Karofsky Computer Inc. Consolidated Balance Sheets Dollars in thousands) December 31 ASSETS 2011 2010 $1,203,488 54,368 $ 676,413 215,890 Current assets: Cash and cash equivalents Short-term investments Accounts receivable, net of allowance for doubtful accounts of $90,992 ($83,776 in 2010) Inventories Deferred tax assets Other current assets Total current assets Property, plant, and equipment: land and buildings Machinery and equipment Office furniture and equipment Leasehold improvements 1,581,347 1,088,434 293,048 255,767 $4,476,452 1,381,946 1,506,638 268,085 289,383 $4,338,355 $ 484,592 572,728 158,160 236,708 $1,452,188 1785,088) $ 667,100 159,194 $5,302,746 $ 404,688 578,272 167,905 261,792 $1,412,657 1753,111) $ 659,546 173,511 $5,171,412 Accumulated depreciation and amortization Net property, plant, and equipment Oher assets Total assets UABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Short-term borrowings Accounts payable Accrued compensation and employee benefits Accrued marketing and distribution Accrued restructuring costs Other current liabilities Total current liabilities Long-term debt Deferred tax liabilities Total liabilities Stockholders' equity: Common stock, no par value: 320,000,000 shares authorized; 119,542,527 shares issued and outstanding in 2011 (116,147,035 shares in 2010) Retained earnings Accumulated translation adjustment Total stockholders' equity Total liabilities and stockholders' equity $ 292,200 881,717 136,895 178,294 58,238 396,961 $ 1,944,305 304,472 670,668 $2,919,445 $ 823,182 742,622 144,779 174,547 307,932 315,023 $2,508,085 7117 629,832 $3,145,034 $ 297.929 2,096, 206 (10,834) $2,383,301 $5,302,746 $ 203,613 1,842,600 (19,835) $2,026,378 $5,171,412 Hide 1. Prepare common size balance sheets for vertical analysis. Enter your answers in percentage terms, rounded to two decimal places, and do not include the example, "100.00" or "28.72". You do not need to include the actual dollar amounts shown above. sign with your answer. For Karofsky Computer Inc. Consolidated Balance Sheets December 31, 2011 December 31, 2010 Current assets: Cash and cash equivalents Total current assets Property, plant, and equipment: 12:28 PM Property, plant, and equipment: Land and buildings Machinery and equipment Office furniture and equipmer - Leasehold improvements Accumulated depreciation an- Net property, plant, and equis Other assets Total assets Curront lehte Current liabilities: (Short-term borrowing Accounts payable Accrued compensation and en Accrued marketing and distrit Accrued restructuring costs Other current liabilities Total current liabilities Long-term debt Deferred tax liabilities Total liabilities Stockholders' equity: Common stock, no par value: Retained earnings Accumulated translation adju: Total stockholders' equity Total liabilities and stockholders' equity