compare and contrast the two common size balance sheets below which one do you think 599881

Compare and contrast the two common–size balance sheets below. Which one do you think may belong to a supermarket? To a jeweler?

Common–Size Balance Sheets

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ASSETS

FIRM A

FIRM B

Cash

5.3%

2.7%

Accounts receivable

4.1%

0.0%

Inventory

37.5%

61.7%

Other current assets

5.9%

4.1%

Total current assets

52.8%

68.5%

Net plant and equipment

35.1%

20.6%

Other long-term assets

12.4%

11.0%

Total assets

100.0%

100.0%

LIABILITIES

FIRM A

FIRM B

Accounts payable

19.6%

23.8%

Notes payable

0.1%

0.0%

Other current liabilities

16.8%

3.6%

Total current liabilities

36.5%

27.4%

Long-term debt

11.9%

14.2%

Other liabilities

14.7%

8.0%

Total liabilities

63.1%

49.6%

Common equity

4.9%

4.9%

Retained earnings

32.0%

45.5%

Total stockholders” equity

36.9%

50.4%

Total liabilities and equity

100.0%

100.0%

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