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Y QUESTION 22 Below are the balance sheets for companies X and Y. ($ thousands) ASSETS Cash, cash equivalents, marketable securities 1,800 Accounts receivable 700

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Y QUESTION 22 Below are the balance sheets for companies X and Y. ($ thousands) ASSETS Cash, cash equivalents, marketable securities 1,800 Accounts receivable 700 Inventory 200 Total current assets 2,700 Property, plant, and equipment, net 1,780 Total assets 4,480 LIABILITIES AND EQUITY Accounts payable 600 Total current liabilities 600 Long-term bonds payable 1,000 Total liabilities 1,600 Total shareholders' equity 2,880 Total liabilities and shareholders' equity 4,480 Present the balance sheets in vertical common size form. 3,000 1,100 800 4,900 6,050 10,950 1,800 1,800 7,000 8,800 2,150 10,950

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