P14-8 (similar to) Question Help 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.) A Data Table OLSO 0 % of % of % of % of Balance Total Balance Total Balance Total Balance Total ASSETS Co. 1 Assets Assets LIABILITIES Co. 1 Assets Co. 2 Assets Current assets Current liabilities Cash $ 5,256 Accounts payable $ 12,338 % $ 664 Investments $ 4,138 % Short-term debt $ 1,169 Accounts receivable $ 8,182 % Other short-term Inventory $ 5,3301 liabilities Total current assets $ 22,906 $ 1,359 % Total current liabilities $ 13,507 Long-term investments $ 88 $ 306 Long-term debt $ 2,985 Net plant, property Other liabilities $ 4,916 and equipment $ 9,724 Total liabilities $ 21,408 Goodwill $ 5,288 % OWNERS' EQUITY Intangible $ 6,008 Common stock $ 3,191 % $ 955 Other $ 3,670 % Treasury stock $ -6,778 % $ 0 Retained earnings $ 29,863 % $ 1,436 Total owners' equity $ 26,276 % $ 2,391 TOTAL LIABILITIES TOTAL ASSETS $ 47,684 100.00% $ 3,240 100.00 % AND OWNERS' EQUITY $ 47,684 100.00 % $ 3,240100.00 % 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. 1,419