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The balance sheet information for two companies is in the popup window: LOADING... . Complete the common-size balance sheet for these companies. Review each company's

The balance sheet information for two companies is in the popup window:

LOADING...

.

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 twocompanies?

Balance

Total

Balance

Total

Balance

Total

Balance

Total

ASSETS

Co. 1

Assets

Co. 2

Assets

LIABILITIES

Co. 1

Assets

Co. 2

Assets

Current assets

Current liabilities

Cash

$5,397

%

$296

%

Accounts payable

$12,321

%

$662

%

Investments

$4,194

%

$347

%

Short-term debt

$1,040

%

$0

%

Accounts receivable

$8,136

%

$228

%

Other short-term

Inventory

$5,313

%

$498

%

liabilities

$0

%

$121

%

Total current assets

$23,040

%

$1,369

%

Total current liabilities

$13,361

%

$783

%

Long-term investments

$90

%

$304

%

Long-term debt

$2,805

%

$19

%

Net plant, property

Other liabilities

$4,922

%

$48

%

and equipment

$9,791

%

$1,419

%

Total liabilities

$21,088

%

$850

%

Goodwill

$5,311

%

$59

%

OWNERS EQUITY

Intangible

$6,111

%

$25

%

Common stock

$3,078

%

$984

%

Other

$3,785

%

$76

%

Treasury stock

$-6,755

%

$0

%

Retained earnings

$30,717

%

$1,418

%

Total owners equity

$27,040

%

$2,402

%

TOTAL LIABILITIES

TOTAL ASSETS

$48,128

100.00

%

$3,252

100.00

%

AND OWNERS EQUITY

$48,128

100.00

%

$3,252

100.00

%

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