The comparative balance sheet for Silverlight Co.is shown below.Express the balance sheet in common-size percentages.
$\begin{array}{c}
\text { Silverlight Company }\
\text { Comparative Balance Sheets (in \$000) }\
\text { December $ 31,2016-2018 $}\
\begin{array}{|l|c|c|c|}
\hline &2018&2017&2016\
\hline \text { Cash } &\$ 49.6 &\$34.2 &\$ 35 .7\
\hline \text { Accounts receivable } & 74.4 & 85.5 &76.5 \
\hline \text { Merchandise inventory } & 148.8 & 125.4 &91.8 \
\hline \text { Plant assets (net) } & 347.2 & 324.9 & 30 6.0\
\hline\text { Total assets }&\$620.0&\$570.0&\$510.0\
\hline\
\hline \text { Accounts payable } & \$ 117.8 & \$ 51.3 & \$ 76.5 \
\hline \text { Bonds payable } & 130.2 & 159.6 & 107.1 \
\hline \text { Common stock } & 266.6 & 279.3 & 265.2 \
\hline\text { Retained earnings } & 105.4 & 79.8 & \underline{61.2} \
\hline \text { Total liabilities and equity } & \$ 620.0 & \$ 570.0 & \$ 510.0 \
\hline
\end{array}
\end{array}$

Question

The comparative balance sheet for Silverlight Co.is shown below.Express the balance sheet in common-size percentages.
 $\begin{array}{c}
\text { Silverlight Company }\
\text { Comparative Balance Sheets (in \$000) }\
\text { December $ 31,2016-2018 $}\
\begin{array}{|l|c|c|c|}
\hline &2018&2017&2016\
\hline \text { Cash } &\$ 49.6 &\$34.2 &\$ 35 .7\
\hline \text { Accounts receivable } & 74.4 & 85.5 &76.5 \
\hline \text { Merchandise inventory } & 148.8 & 125.4 &91.8 \
\hline \text { Plant assets (net) } & 347.2 & 324.9 & 30 6.0\
\hline\text { Total assets }&\$620.0&\$570.0&\$510.0\
\hline\
\hline \text { Accounts payable } & \$ 117.8 & \$ 51.3 & \$ 76.5 \
\hline \text { Bonds payable } & 130.2 & 159.6 & 107.1 \
\hline \text { Common stock } & 266.6 & 279.3 & 265.2 \
\hline\text { Retained earnings } & 105.4 & 79.8 & \underline{61.2} \
\hline \text { Total liabilities and equity } & \$ 620.0 & \$ 570.0 & \$ 510.0 \
\hline
\end{array}
\end{array}$

Quizplus · Accepted Answer

The Answer of The comparative balance sheet for Silverlight Co.is shown below.Express the balance sheet in common-size percentages.
 $\begin{array}{c}
\text { Silverlight Company }\
\text { Comparative Balance Sheets (in \$000) }\
\text { December $ 31,2016-2018 $}\
\begin{array}{|l|c|c|c|}
\hline &2018&2017&2016\
\hline \text { Cash } &\$ 49.6 &\$34.2 &\$ 35 .7\
\hline \text { Accounts receivable } & 74.4 & 85.5 &76.5 \
\hline \text { Merchandise inventory } & 148.8 & 125.4 &91.8 \
\hline \text { Plant assets (net) } & 347.2 & 324.9 & 30 6.0\
\hline\text { Total assets }&\$620.0&\$570.0&\$510.0\
\hline\
\hline \text { Accounts payable } & \$ 117.8 & \$ 51.3 & \$ 76.5 \
\hline \text { Bonds payable } & 130.2 & 159.6 & 107.1 \
\hline \text { Common stock } & 266.6 & 279.3 & 265.2 \
\hline\text { Retained earnings } & 105.4 & 79.8 & \underline{61.2} \
\hline \text { Total liabilities and equity } & \$ 620.0 & \$ 570.0 & \$ 510.0 \
\hline
\end{array}
\end{array}$

The Comparative Balance Sheet for Silverlight Co