174. The comparative balance sheet for Silverlight Co. is shown below. Express the balance sheet in common-size percentages.
SilverlightCompany
Comparative Balance Sheets (in $000)
December 31, 2014–2016
2016
2015
2014
Cash..............................
$ 49.6
$ 34.2
$ 35.7
Accounts receivable....................
74.4
85.5
76.5
Merchandise inventory..................
148.8
125.4
91.8
Plant assets (net)......................
347.2
324.9
306.0
Total assets.........................
$620.0
$570.0
$510.0
Accounts payable.....................
$117.8
$ 51.3
$ 76.5
Bonds payable.......................
130.2
159.6
107.1
Common stock.......................
266.6
279.3
265.2
Retained earnings.....................
105.4
79.8
61.2
Total liabilities and equity................
175. Express the following balance sheets for Safety Company in common-size percentages.
SafetyCompany
Balance Sheets
December 31, 2015and 2014
Assets
Cash............................
$ 43,000
$ 22,000
Accounts receivable..................
38,000
42,000
Merchandise inventory...............
61,000
52,000
Prepaid insurance...................
6,000
9,000
Long-term investments...............
49,000
20,000
Plant assets (net)...................
218,000
Total assets.......................
$415,000
$363,000
Liabilities and Equity
Current liabilities...................
$ 62,000
$ 75,000
Long-term liabilities..................
45,000
36,000
Common stock.....................
150,000
Retained earnings...................
158,000
102,000
Total liabilities and equity..............
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