The comparative balance sheet for Golden Co.is shown below.Express these amounts in a comparative,common-size balance sheet.
$\begin{array}{c}
\text {Golden Company}\
\text {Comparative Balance Sheets (in $ \$ 000 $ )}\
\text {December $ 31,2009-2011 $}\\begin{array}{|l|r|r|r|}
\hline&2009&2010&2011\
\hline \text { Cash } & \$ 49.6 & \$ 34.2 & \$ 35.7 \
\hline \text { Accounts receivable } & 74.4 & 85.5 & 76.5 \
\hline \text { Merchandise inventory } & 148.8 & 125.4 & 91.8 \
\hline \text { Plant assets (net) } & \underline{347.2} & \underline{324.9} & \underline{306.0} \
\hline \text { Total assets } & \$ 620.0 & \$ 570.0 & \$ 510.0 \
\hline\
\hline \text { Accounts payable } & \$ 117.8 & \$ 51.3 & \$ 76.5 \
\hline \text { Bonds payable } & 130.2 & 159.6 & 107.1 \
\hline \text { Common stock } & 266.6 & 279.3 & 265.2 \
\hline \text { Retained earnings } & \underline{105.4} & \underline{79.8} & \underline{61.2} \
\hline \text { Total liabilities and equity } & \$ 620.0 & \$ 570.0 & \$ 510.0 \
\hline
\end{array}\end{array}$

Question

The comparative balance sheet for Golden Co.is shown below.Express these amounts in a comparative,common-size balance sheet.
 $\begin{array}{c}
\text {Golden Company}\
\text {Comparative Balance Sheets (in $ \$ 000 $ )}\
\text {December $ 31,2009-2011 $}\\begin{array}{|l|r|r|r|}
\hline&2009&2010&2011\
\hline \text { Cash } & \$ 49.6 & \$ 34.2 & \$ 35.7 \
\hline \text { Accounts receivable } & 74.4 & 85.5 & 76.5 \
\hline \text { Merchandise inventory } & 148.8 & 125.4 & 91.8 \
\hline \text { Plant assets (net) } & \underline{347.2} & \underline{324.9} & \underline{306.0} \
\hline \text { Total assets } & \$ 620.0 & \$ 570.0 & \$ 510.0 \
\hline\
\hline \text { Accounts payable } & \$ 117.8 & \$ 51.3 & \$ 76.5 \
\hline \text { Bonds payable } & 130.2 & 159.6 & 107.1 \
\hline \text { Common stock } & 266.6 & 279.3 & 265.2 \
\hline \text { Retained earnings } & \underline{105.4} & \underline{79.8} & \underline{61.2} \
\hline \text { Total liabilities and equity } & \$ 620.0 & \$ 570.0 & \$ 510.0 \
\hline 
\end{array}\end{array}$

Quizplus · Accepted Answer

The Answer of The comparative balance sheet for Golden Co.is shown below.Express these amounts in a comparative,common-size balance sheet.
 $\begin{array}{c}
\text {Golden Company}\
\text {Comparative Balance Sheets (in $ \$ 000 $ )}\
\text {December $ 31,2009-2011 $}\\begin{array}{|l|r|r|r|}
\hline&2009&2010&2011\
\hline \text { Cash } & \$ 49.6 & \$ 34.2 & \$ 35.7 \
\hline \text { Accounts receivable } & 74.4 & 85.5 & 76.5 \
\hline \text { Merchandise inventory } & 148.8 & 125.4 & 91.8 \
\hline \text { Plant assets (net) } & \underline{347.2} & \underline{324.9} & \underline{306.0} \
\hline \text { Total assets } & \$ 620.0 & \$ 570.0 & \$ 510.0 \
\hline\
\hline \text { Accounts payable } & \$ 117.8 & \$ 51.3 & \$ 76.5 \
\hline \text { Bonds payable } & 130.2 & 159.6 & 107.1 \
\hline \text { Common stock } & 266.6 & 279.3 & 265.2 \
\hline \text { Retained earnings } & \underline{105.4} & \underline{79.8} & \underline{61.2} \
\hline \text { Total liabilities and equity } & \$ 620.0 & \$ 570.0 & \$ 510.0 \
\hline 
\end{array}\end{array}$

The Comparative Balance Sheet for Golden Co