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Prepare a common-size balance sheet from the following information for Crane Supply Company. (Round answers to 1 decimal place, e.g. 52.7%.) Crane Supply Company Balance
Prepare a common-size balance sheet from the following information for Crane Supply Company. (Round answers to 1 decimal place, e.g. 52.7%.) Crane Supply Company Balance Sheet as of June 30, 2017($thousands) Assets: % of Assets Liabilities and Equity: % of Assets Cash and marketable securities $398,000 % Accounts payable $823,000 % Accounts receivable 718,000 % Notes payable 104.000 % Inventory 1,157,000 % Accrued income taxes 44,400 % Other current assets 42,100 % Total current liabilities $971,400 Total current assets $2.315,100 Long term debt 1,140,000 % Net plant and equipment 1.985.000 % Total liabilities $2.111,400 % Common stock 1,321,000 % Retained earnings 867,700 Total common equity $2,188,700 Total assets Total liabilities and $4,300,100 $4,300,100 equity e Textbook and Media Save for Later Attempts: 0 of 2 used Submit
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