Question: Prepare a common-size balance sheet from the following information for Abercrombie Supply Company. Abercrombie Supply Company Balance Sheet as of June 30, 2013(in $ thousands)
Prepare a common-size balance sheet from the following information for Abercrombie Supply Company.
Abercrombie Supply Company
Balance Sheet as of June 30, 2013(in $ thousands)
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Liabilities and Equity Assets Cash andmarketable securities Accountsreceivable Inventones Other curent asset:s S 817,845 101,229 41,322 S 396,494Accountspayable 708,275 Notespayable 1,152,398Accrued ncome taxes 42,115 $2,299,282 Total current assets Total curent liabilities S 960,396 1,149,520 $2,109,916 1,312,137 855,684 $2,167,821 Net plant and equipment 1,978,455 Long-term debt Totalliabilities Common stock Retainedeamings Total common equity Totalliabilities and stockholders Total assets $4,277,737 equuty $4,277,737
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