As of December 31, 2013, balance sheet data for Stay-Trim Company and Tone-Up Company are as follows:

Instructions:
1. Prepare comparative common-size balance sheets for these two companies using total assets.
2. What conclusions can be drawn from these comparative common-size balance sheets?

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Stay-Trim CompanyTe-Up Company $51,000 5,000 48,000 1,000 5,000 $110,000 $240,000 280,000 520,000 100,000 60,000 $1,200,000 Current assets Long-term investments .. . Intangible assets.. Other assets . Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities . Deferred revenues $15,000 25,000 5,000 $45.000 $ 5,000 30.000 20,000 10,000 $65,000 $110,000 $180,000 300,000 70,000 $550,000 $ 100,000 200,000 185,000 165,000 $ 650,000 $1,200,000 Total liabilities. .__ _ . .- ...___...___... .___ . . .__.. Preferred stock Common stock Additional paid-in capital Total stockholders' equity Total liabilities and stockholders' equity ..