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Question
The comparative balance sheet for Golden Co. is shown below. Express these amounts in a comparative, common-size balance sheet.
| GOLDEN COMPANY Comparative Balance Sheets (in $000) December 31, 2012 2014 | |||
| 2012 | 2013 | 2014 | |
| Cash | $ 49.6 | $ 34.2 | $ 35.7 |
| Accounts receivable | 4 | 85.5 | 76.5 |
| Merchandise inventory | 148.8 | 125.4 | 91.8 |
| Plant assets (net) | 347.2 | 324.9 | 306.0 |
| Total assets | $620.0 | $570.0 | $510.0 |
| Accounts payable | $117.8 | $ 51.3 | $ 76.5 |
| Bonds payable | 130.2 | 159.6 | 107.1 |
| Common stock | 266.6 | 279.3 | 265.2 |
| Retained earnings | 105.4 | 79.8 | 61.2 |
| Total liabilities and equity | $620.0 | $570.0 | $510.0 |
Answer
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