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Using the following balance sheet, prepare a common size balance sheet: Assets Current assets Cash 5 Short-term investments 15 Accounts receivable 21 Inventory 23 Prepaid
Using the following balance sheet, prepare a common size balance sheet: Assets Current assets Cash 5 Short-term investments 15 Accounts receivable 21 Inventory 23 Prepaid expenses 3 Deferred taxes, current 6 Total current assets 73 Liabilities and stockholders' equity Current liabilities Accounts payable 29 Current portion of long-term debt 12 Total current liabilities 38 Long-term liabilities Long-term debt 45 Total liabilities 83 Long-term assets Property & equipment Goodwill Long-term investments Other assets 67 13 5 Stockholders' equity Common stock and PIC 52 Retained earnings 25 Total stockholders' equity 72 Total assets 1160 Total liabilities and equity 160 Cash flows from investing activities do not include: A. Proceeds from issuing bonds. Payment for the purchase of equipment. c. Proceeds from the sale of marketable securities. Cash outflows from acquiring land. B. D
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