) Prepare a common size balance sheet for Carver Enterprises. Complete the commo
ID: 2727756 • Letter: #
Question
) Prepare a common size balance sheet for Carver Enterprises. Complete the common-size balance sheet: (Round to one decimal place.)
CommonSize Balance Sheet
2013
Cash and marketable securities
$
490
%
Accounts receivable
5,990
Inventories
9,550
Current assets
$
16,030
%
Net property plant and equipment
17,030
Total assets
$
33,060
%
Accounts payable
$
7,220
%
Shortterm debt
6,800
Current liabilities
$
14,020
%
Longterm liabilities
7,010
Total liabilities
$
21,030
%
Total owners’ equity
12,030
Total liabilities and owners’ equity
$
33,060
%
ore taxes $ 1,170 % Taxes (425) Net income $ 745 %
CommonSize Balance Sheet
2013
Cash and marketable securities
$
490
%
Accounts receivable
5,990
Inventories
9,550
Current assets
$
16,030
%
Net property plant and equipment
17,030
Total assets
$
33,060
%
Accounts payable
$
7,220
%
Shortterm debt
6,800
Current liabilities
$
14,020
%
Longterm liabilities
7,010
Total liabilities
$
21,030
%
Total owners’ equity
12,030
Total liabilities and owners’ equity
$
33,060
%
Explanation / Answer
Common Size Balance Sheet 2013 cash and Marketable Sec. 490 1% Accounts Receivable 5990 18% Inventories 9550 29% Current Assets 16030 48% PPP 17030 52% Total Asset 33060 100% Acc Payable 7220 22% Short term debt 6800 21% Current liab. 14020 42% Long term liab 7010 21% Total Liab 21030 64% Total Owners' equity 12030 36% Total Liab. And owners' equity` 33060 100%
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