Question

Required: Common size balance sheet

	June 26,2020     Dec 31, 2019
Accounts Receivable, Allowance for Credit Loss, Current	$ 549	$ 524
Property, Plant, and Equipment, Owned, Accumulated Depreciation	$ 8,539	$ 8,083
Common Stock, Par or Stated Value Per Share	$ 0.25	$ 0.25
Common Stock, Shares Authorized	11,200	11,200
Common Stock, Shares, Issued	7,040	7,040
Treasury Stock, Shares	2,745	2,760
CURRENT ASSETS
Cash and cash equivalents	$ 10,037	$ 6,480
Short-term investments	7,551	1,467
TOTAL CASH, CASH EQUIVALENTS, AND SHORT-TERM INVESTMENTS	17,588	7,947
Marketable Securities	2,228	3,228
Trade accounts receivable, fewer allowances of $549 and $524, respectively	3,849	3,971
Inventories	3,501	3,379
Prepaid expenses and other assets	2,205	1,886
TOTAL CURRENT ASSETS	29,371	20,411
EQUITY METHOD INVESTMENTS	18,189	19,025
OTHER INVESTMENTS	746	854
OTHER ASSETS	5,875	6,075
Deferred Income Tax Assets, Net	2,366	2,412
Property, plant, and equipment, less accumulated depreciation of $8,539 and $8,083, respectively	10,695	10,838
TRADEMARKS WITH INDEFINITE LIVES	10,172	9,266
BOTTLERS' FRANCHISE RIGHTS WITH INDEFINITE LIVES	103	109
GOODWILL	16,617	16,764
OTHER INTANGIBLE ASSETS	555	627
TOTAL ASSETS	94,689	86,381
CURRENT LIABILITIES
Accounts payable and accrued expenses	11,668	11,312
Notes and Loans Payable	9,423	10,994
Current maturities of long-term debt	5,181	4,253
Accrued income taxes	576	414
TOTAL CURRENT LIABILITIES	26,848	26,973
LONG-TERM DEBT	37,729	27,516
OTHER LIABILITIES	8,954	8,510
Deferred Income Tax Liabilities, Net	1,969	2,284
SHAREOWNERS' EQUITY
Common stock, $0.25 par value; authorized — 11,200 shares; issued — 7,040 shares	1,760	1,760
Capital surplus	17,367	17,154
Reinvested earnings	66,888	65,855
Accumulated other comprehensive income (loss)	(16,460)	(13,544)
Treasury stock, at cost — 2,745 and 2,760 shares, respectively	(52,071)	(52,244)
EQUITY ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY	17,484	18,981
EQUITY ATTRIBUTABLE TO NONCONTROLLING INTERESTS	1,705	2,117
TOTAL EQUITY	19,189	21,098
TOTAL LIABILITIES AND EQUITY	$ 94,689	$ 86,381

Answer 1

Common Size Balance Sheet
	JUNE 26TH 2019 (Amount in $)	31ST DEC 2019 (Amount in $)	% compared with Total Assets of june 26th 2019	% compared with Total Assets of Dec 31st 2019
Accounts receivable, Allowance for credit loss, current	549.00	524.00	0.58	0.61
Property, plant and equipment, owned, Accumulated depr	8,539.00	8,083.00	9.02	9.36
common stock, par or stated value per share	0.25	0.25	0.00	0.00
common stock, shares authorised	11,200.00	11,200.00	11.83	12.97
common stock, shares, issued	7,040.00	7,040.00	7.43	8.15
treasury stock, shares	2,745.00	2,760.00	2.90	3.20
			31.76	34.28
CURRENT ASSET
Cash and cash equivalents	10,037.00	6,480.00	10.60	7.50
short-term investments	7,551.00	1,467.00	7.97	1.70
TOTAL CASH, CASH EQUIVALENTS, AND SHORT-TERM INVESTMENTS	17,588.00	7,947.00
marketable securities	2,228.00	3,228.00	2.35	3.74
trade accounts receivable, fewer allowance of $549 and $524	3,849.00	3,971.00	4.06	4.60
inventories	3,501.00	3,379.00	3.70	3.91
prepaid expenses and other assets	2,205.00	1,886.00	2.33	2.18
TOTAL CURRENT ASSETS	29,371.00	20,411.00
equity method investments	18,189.00	19,025.00	19.21	22.02
other investments	746.00	854.00	0.79	0.99
other assets	5,875.00	6,075.00	6.20	7.03
deferred income tax assets, net	2,366.00	2,412.00	2.50	2.79
property, plant and equipemtn, less accumulated dep of 8539, 8083	10,695.00	10,838.00	11.29	12.55
Trade marks with indefinite lives	10,172.00	9,266.00	10.74	10.73
bottlers franchise rights with indefinite lives	103.00	109.00	0.11	0.13
goodwill	16,617.00	16,764.00	17.55	19.41
other intangible assets	555.00	627.00	0.59	0.73
TOTAL ASSETS	94,689.00	86,381.00	100.00	100.00
CURRENT LIABILITIES
accounts payable and accured expenses	11,668.00	11,312.00	12.32	13.10
notes and loans payable	9,423.00	10,994.00	9.95	12.73
current maturities of long-term debt	5,181.00	4,253.00	5.47	4.92
accrued income taxes	576.00	414.00	0.61	0.48
TOTAL CURRENT LIABILITIES	26,848.00	26,973.00
long-term debt	37,729.00	27,516.00	39.85	31.85
other liabilities	8,954.00	8,510.00	9.46	9.85
deferred income tax liabilities, net	1,969.00	2,284.00	2.08	2.64
SHAREOWNERS EQUITY
common stock, $0.25 par value, authorised-11,200 shares, issued-7040 shares	1,760.00	1,760.00	1.86	2.04
capital surplus	17,367.00	17,154.00	18.34	19.86
reinvested earnings	66,888.00	65,855.00	70.64	76.24
accumulated other comprehensive income(loss)	(16,460.00)	(13,544.00)	(17.38)	(15.68)
treasury stock, at cost-2745 and 2760 shares	(52,071.00)	(52,244.00)	(54.99)	(60.48)
equity attributable to shareowners of the coca-cola company	17,484.00	18,981.00
equity attributable to non controllable interests	1,705.00	2,117.00	1.80	2.45
TOTAL EQUITY	19,189.00	21,098.00
TOTAL LIABILITIES AND EQUITY	94,689.00	86,381.00	100.00	100.00
Common Size Balance sheet displays items as a percentage of a common base figure, in this case it is the total assets. This type of financial statement allows for easy analysis between companies or between periods for the same company. All the assets and liabilites are converted into a percentage figure to the base figure i.e. total assets.