Ndurena Attempt 1 The following is a common size balance sheet for a manufacturing company named SherCo. Analyze the results over the last two years. Identify significant changes and potential reasons for why those changes occurred. 2015 2014 Current assets Cash Accounts receivable Inventory Total current assets 1 24 35 60 16 18 30 64 Property, plant and equip Other assets Total assets 37 3 100 26 10 100 Current liabilities Accounts payable Short-term debt Total current liabilities 29 23 52 27 33 60 Long-term debt Total liabilities 22 74 17 77 Common stock and paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholder's equity 9 17 26 100 10 13 23 100