how do you make this into a common size balnace sheet how do you make this into
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how do you make this into a common size balnace sheet
how do you make this into a common size balnace sheet
2007 2006 Assets Cash and cash equivalents 7,307 6,598 Accounts receivable 5,490 2,270 Short-term investments 2,566 1,134 Trading assets 2,576 2,709 Accounts receivable net of allowance for doubtful accounts 3,370 4,314 Inventories 1,186 997 Deferred tax assets 1,390 258 Total current assets 23,885 18,280 Property, plant and equipment, net 16,918 17,602 Marketable equity securities 987 398 Other long-term investments 4,398 4,023 Goodwill 3,916 3,861 Other long-term assets 5,547 4,204 Other assets 55,651 48,368 Total Assets 79,536 66,648 Liabilities and Shareholders' Equity Current liabilities: Short-term debt 142 180 Acconts payable 2,361 2,256 Accrued compensation and benefits 2,417 1,644 Accrued advertising 749 846 Deferred income on shipments to distributors 625 599 Other accrued liabilities 1,938 1,192 Income taxes payable 339 1,797 Total current liabilities 8,571 8,514 Long-term income taxes payable 785 Deferred tax liabilities 411 265 Long-term debt 1,980 1,848 Other long-term liabilities 1,142 989 Commitments and contingencies (Notes 20 and 21) 0 0 Stockholders' equity: 0 0 Preferred stock, $0.001 per value .50 shares authorized: none issued 0 0 Common stock, $0.001 per value 10,000 shares authorized: 5,818 issued and outstanding (5,766 in 2006 and capital in excess of par value 11,653 7,825 Accumulated other comprehensive income (loss) 261 (57) Retained earnings 30,848 28,984 Total shareholders' equity 42,762 36,752 Total liabilities and stockholders' equity 55,651 48,368Explanation / Answer
A common size balance sheet is a balance sheet that displays items as a percentage. I did it for 2007, you can do 2006, it's easy. All you need to do it go down the list and divide each of the assets by the total assets (66,648 for 2006) and then multiply by 100 to get a percentage. Do the same for the liabilities but use total liabilities and stockholders equity instead (48,368 for 2006). Also, the loss of 57 will simple be (.118%). Assets Cash and cash equivalents 9.187% 6,598 Accounts receivable 6.9% 2,270 Short-term investments 3.226% 1,134 Trading assets 3.24% 2,709 Accounts receivable net of allowance for doubtful accounts 4.237% 4,314 Inventories 1.49% 997 Deferred tax assets 1.75% 258 Total current assets 30.03% 18,280 Property, plant and equipment, net 21.27% 17,602 Marketable equity securities 1.24% 398 Other long-term investments 5.53% 4,023 Goodwill 4.92% 3,861 Other long-term assets 6.97% 4,204 Other assets 69.97% 48,368 Total Assets 100% 66,648 Liabilities and Shareholders' Equity Current liabilities: Short-term debt .255% 180 Acconts payable 4.24% 2,256 Accrued compensation and benefits 4.338% 1,644 Accrued advertising 1.346% 846 Deferred income on shipments to distributors 1.123% 599 Other accrued liabilities 3.48% 1,192 Income taxes payable .609% 1,797 Total current liabilities 15.4% 8,514 Long-term income taxes payable 1.41% Deferred tax liabilities .739% 265 Long-term debt 3.558% 1,848 Other long-term liabilities 2.05% 989 Commitments and contingencies (Notes 20 and 21) 0% 0 Stockholders' equity: 0% 0 Preferred stock, $0.001 per value .50 shares authorized: none issued 0% 0 Common stock, $0.001 per value 10,000 shares authorized: 5,818 issued and outstanding (5,766 in 2006 and capital in excess of par value 20.94% 7,825 Accumulated other comprehensive income (loss) .47% (57) Retained earnings 55.43% 28,984 Total shareholders' equity 76.84% 36,752 Total liabilities and stockholders' equity 100% 48,368
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