Common$-$Size Balance Sheets

Following is the balance sheet for $3$M Company. Prepare common$-$size balance sheets for $2014$ and $2013.$ 

Round answers to one decimal place. $($i$.$e$.,0\mathrm{.}8867=88\mathrm{.}7\%)$

$3$M Company and Subsidiaries

Common$-$size Balance Sheets

$($$ millions$)$

Dec. $31,2014$  Dec. $31,2013$

Cash and cash equivalents $$2,623$ Answer

$0$

$$3,407$ Answer

$0$

Accounts receivable $4,308$ Answer

$0$

$4,353$ Answer

$0$

Total inventories $3,806$ Answer

$0$

$3,934$ Answer

$0$

Other current assets $1,368$ Answer

$0$

$1,379$ Answer

$0$

Total current assets $12,105$ Answer

$0$

$13,073$ Answer

$0$

Investments $1,030$ Answer

$0$

$1,645$ Answer

$0$

Property, plant and equipment, net $8,559$ Answer

$0$

$8,752$ Answer

$0$

Goodwill $7,150$ Answer

$0$

$7,445$ Answer

$0$

Intangible assets, net $1,505$ Answer

$0$

$1,758$ Answer

$0$

Other assets $1,670$ Answer

$0$

$1,657$ Answer

$0$

Total assets $$32,019$ Answer

$0$

$$34,330$ Answer

$0$

Short$-$term debt & current portion of L$-$T debt $$206$ Answer

$0$

$$1,783$ Answer

$0$

Accounts payable $1,877$ Answer

$0$

$1,869$ Answer

$0$

Accrued payroll $832$ Answer

$0$

$808$ Answer

$0$

Accrued income taxes $505$ Answer

$0$

$487$ Answer

$0$

Other current liabilities $2,988$ Answer

$0$

$2,991$ Answer

$0$

Total current liabilities $6,408$ Answer

$0$

$7,938$ Answer

$0$

Long$-$term debt $6,831$ Answer

$0$

$4,396$ Answer

$0$

Other liabilities $5,468$ Answer

$0$

$3,848$ Answer

$0$

Total liabilities $18,707$ Answer

$0$

$16,182$ Answer

$0$

Stockholders' equity, net $13,312$ Answer

$0$

$18,148$ Answer

$0$

Total liabilities and stockholders' equity $$32,019$ Answer

$0$

$$34,330$ Answer

Answer rating: 100% (QA)

Answer To prepare commonsize balance sheets for 3M Company for 2014 and 2013 we need to calculate th... View the full answer