Consolidated balance sheets for Winged Manufacturing follow.

Winged Manufacturing

Consolidated Balance Sheets

(Dollars in thousands)

Required:
1. Prepare common size balance sheets for vertical analysis (in percentage terms, rounded to two decimal places). You do not need to include the actual dollar amounts shown above.
2. Indicate from what sources Winged appears to have secured the resources for its asset increase.

Transcribed Image Text:

December 31 2019 2018 ASSETS Current assets: Cash and cash equivalents Short-tem investments Accounts receivable, net of allowance for doubtful accounts of $90,992 ($83,776 in 2018) Inventories Deferred tax assets Other current assets Total current assets $1,203,488 54,368 $ 676,413 215,890 1,581,347 1,088,434 293,048 255,767 1,381,946 1,506,638 268,085 289,383 $4,338,355 $4,476,452 Property, plant, and equipment: Land and buildings Machinery and equipment Office fumiture and equipment Leasehold improvements $ 484,592 572,728 158,160 236,708 $1,452,188 (785,088) $ 667,100 159,194 $5,302,746 $ 404,688 578,272 167,905 261,792 $1,412,657 (753,111) $ 659,546 173,511 $5,171,412 Accumulated depreciation and amortization Net property, plant, and equipment Other assets Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Short-tem borrowings Accounts payable Accrued compensation and employee benefits Accrued marketing and distribution Accrued restructuring costs $ 292,200 881,717 136,895 178,294 58,238 396,961 $1,944,305 304,472 670,668 $2,919,445 $ 823,182 742,622 144,779 174,547 307,932 315,023 $2,508,085 7,117 629,832 Other current liabilities Total current liabilities Long-term debt Deferred tax liabilities Total liabilities Stockholders' equity: Common stock, no par value: 320,000,000 shares authorized; 119,542,527 shares issued and outstanding in 2019 (116,147,035 shares in 2018) Retained eamings Accumulated translation adjustment Total stockholders' equity Total liabilities and stockholders' equity $3,145,034 $ 297,929 2,096,206 (10,834) $2,383,301 $5,302,746 $ 203,613 1,842,600 (19,835) $2,026,378 $5,171,412