Question: Common - Size Balance Sheets table [ [ table [ [ Common - S ] , [ ( Percentag ] ] ,
CommonSize Balance Sheets tabletableCommonSPercentagtableze Balance TotalYearendedFebtableSheetsAssetsCommonSizetableYearendedFebtableCommonSizeAssetsCurrent AssetsCash and Cash Equivalents,$$Accounts Receivables,Merchandise Inventories,Other Current Assets,Total Current Assets,Property and Equipment netOther Assets,Total Assets,$$LiabilitiesCurrent Liabilities,$$LongTerm liabilities,Total Liabilities,Stockholders EquicyCommon Stock.,Additional PaidinCapital,Retained Earnings,Total Stockholders' Equity,Total Liabilities and Stockholders' Equity,$$
Consider the following balance sheet data for Davis Co Inc., an electronics and major appliance retailer, at February and February amounts in thousands:
Prepare commonsize balance sheets for each year use total assets as the base amount for computing percentages
Instructions:
Round percentages to one decimal place ex:
Compute percentages for each "Total" do not add prior percentage amounts to arrive at Totals
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