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Prepare a common-size balance sheet from the following information for Crane Supply Company. (Round answers to 1 decimal place, eg. 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, eg. 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 $396,000 % Accounts payable $823,000 % Accounts receivable 716,000 % 102,000 % Notes payable Accrued income taxes Inventory 1,156,000 % 43,100 % Other current assets 42,900 % Total current liabilities $968,100 % Total current assets $2,310,900 % Long-term debt 1,149,000 % Net plant and 1,987,000 % Total liabilities $2.117.100 % equipment 1,321,000 % Common stock Retained earnings 859,800 % Total common $2,180,800 % Total assets $4,297,900 % Total liabilities and equity $4,297,900 %
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