Question

The 2013 and 2014 balance sheets for Ottoman Manufacturing Company appear below:

		2013		2014
Current Assets
Cash		$16,860		$14,790
Accounts Receivable, net		18,150		20,210
Inventory		28,620		28,180
Total Current Assets		63,630		63,180
Plant & Equipment, net		55,890		43,760
Total Assets		119,520		106,940
Current Liabilities		18,140		31,730
Noncurrent Liabilities		62,040		40,800
Total Liabilities		80,180		72,530
Stockholders’ Equity
Common Stock		2,040		2,040
Additional Paid-In Capital		3,730		3,730
Retained Earnings		33,570		28,640
Total Stockholders’ Equity		39,340		34,410
Total liabilities and Stockholders’ Equity		$119,520		$106,940

Prepare a common-size balance sheet for 2014

Answer 1

Ottaman manufacturing company
Balance sheet 2014
Equity and liabilities	$	Assets	$
Common stock	2,040	Fixed assets;
Additional Paid-In Capital	3,730	Plant & Equipment, net	43,760
Retained Earnings	28,640
		Current assets;
Noncurrent Liabilities	40,800	Cash	14,790
		Accounts Receivable, net	20,210
Current Liabilities	31,730	Inventory	28,180
TOTAL	106,940	TOTAL	106,940