QUESTION 21 Carl Industries Carl Industries has condensed balance sheets as shown: Year 2 Assets: Current assets Plant & equipment, net Intangible assets, net Total assets Liabilities & Stockholders' Equity: Current liabilities Long-term liabilities Stockholders' equity Total liabilities & equity 65,000 600,000 15,000 680,000 $70,000 420,000 190,000 $680,000 Year 1 $46,500 420,000 36,500 $503,000 $25,000 290,000 188,000 $503,000 Year 0 $80,000 410,000 50,000 540,000 $33,500 400,000 106,500 540,000 Refer to the information for Carl Industries. In a common size balance sheet for Year 2, plant and equipment (net) is expressed as: a. 74.5% b. 83.5% c. 30.5% d.93.2% QUESTION 22 Refer to the information for Carl Industries. In a common size balance sheet for Year 0, total liabilities and equity are expressed as: a. 74.1% b.25.9% c. 100% d. 103.6%