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Self-Study Problem 4.02 Prepare a common-size balance sheet from the following information for Carla Vista Supply Company. (Round answers to 1 decimal place, eg, 52.7%.)
Self-Study Problem 4.02 Prepare a common-size balance sheet from the following information for Carla Vista Supply Company. (Round answers to 1 decimal place, eg, 52.7%.) Carla Vista Supply Company Balance Sheet as of June 30, 2017($ thousands) % of Assets Liabilities and Equity: % of Assets Assets: Cash and marketable securities $395,000 Accounts payable $817,000 Accounts receivable Notes payable 706,000 112,000 Accrued income taxes Inventory 162,000 43,100 Other current assets 42,600 Total current liabilities $972,100 Total current assets Long-term debt $2,305,600 1,154,000 Net plant and equipment Total liabilities 1,982,000 $2,126,100 Common stock 1,312,000 Retained earnings 849,500 Total common equity $2,161,500 $4,287,600 $4,287,600 Total assets Total liabilities and equity
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