Common-size financial statements.The balance sheet information for two companies is in the popup window:

		% of			% of				% of			% of
	Balance	Total		Balance	Total			Balance	Total		Balance	Total
ASSETS	Co. 1	Assets		Co. 2	Assets		LIABILITIES	Co. 1	Assets		Co. 2	Assets
Current assets							Current liabilities
Cash	$5,384		%	$290		%	Accounts payable	$12,398		%	$661		%
Investments	$4,066		%	$357		%	Short-term debt	$1,168		%	$0		%
Accounts receivable	$8,000		%	$226		%	Other short-term
Inventory	$5,271		%	$483		%	liabilities	$0		%	$122		%
Total current assets	$22,721		%	$1,356		%	Total current liabilities	$13,566		%	$783		%
Long-term investments	$72		%	$296		%	Long-term debt	$2,889		%	$15		%
Net plant, property							Other liabilities	$4,904		%	$59		%
and equipment	$9,878		%	$1,380		%	Total liabilities	$21,359		%	$857		%
Goodwill	$5,237		%	$66		%	OWNERS EQUITY
Intangible	$6,123		%	$20		%	Common stock	$3,027		%	$916		%
Other	$3,758		%	$75		%	Treasury stock	$-6,740		%	$0		%
							Retained earnings	$30,143		%	$1,420		%
							Total owners equity	$26,430		%	$2,336		%
							TOTAL LIABILITIES
TOTAL ASSETS	$47,789	100.00	%	$3,193	100.00	%	AND OWNERS EQUITY	$47,789	100.00	%	$3,193	100.00	%

. Complete the common-size balance sheet for these companies. Review each company's percentages of total assets. Are these companies operating with similar philosophies or in similar industries? What appears to be the major difference in financing for these two companies?

Complete the table below:(Round up to two decimal places.)

		% of				% of
	Balance	Total			Balance	Total
ASSETS	Co. 1	Assets		LIABILITIES	Co. 1	Assets
Current assets				Current liabilities
Cash	$5,384		%	Accounts payable	$12,398		%
Investments	$4,066		%	Short-term debt	$1,168		%
Accounts receivable	$8,000		%	Other short-term
Inventory	$5,271		%	liabilities	$0		%
Total current assets	$22,721		%	Total current liabilities	$13,566		%
Long-term investments	$72		%	Long-term debt	$2,889		%
Net plant, property				Other liabilities	$4,904		%
and equipment	$9,878		%	Total liabilities	$21,359		%
Goodwill	$5,237		%	OWNERS EQUITY
Intangible	$6,123		%	Common stock	$3,027		%
Other	$3,758		%	Treasury stock	$-6,740		%
				Retained earnings	$30,143		%
				Total owners equity	$26,430		%
				TOTAL LIABILITIES
TOTAL ASSETS	$47,789	100.00	%	AND OWNERS EQUITY	$47,789	100.00	%