The Comparative Balance Sheet for Golden Co

Essay

The comparative balance sheet for Golden Co.is shown below.Express these amounts in a comparative,common-size balance sheet.
$\begin{array}{c} \text { GOLDEN COMPANY}\\ \text { Comparative Balance Sheets (in \( \$ 000 \) )}\\ \text { December 31, 2012-2014}\\\begin{array}{|l|r|r|r|}\hline&2012&2013&2014\\\hline \text { Cash } & \$ 49.6 & \$ 34.2 & \$ 35.7 \\\hline \text { Accounts receivable } & 74.4 & 85.5 & 76.5 \\\hline \text { Merchandise inventory } & 148.8 & 125.4 & 91.8 \\\hline \text { Plant assets (net) } & \underline{347.2} & \underline{324.9} & \underline{306.0} \\\hline \text { Total assets } & \$ 620.0 & \$ 570.0 & \$ 510.0 \\\hline\\\hline \text { Accounts payable } & \$ 117.8 & \$ 51.3 & \$ 76.5 \\\hline \text { Bonds payable } & 130.2 & 159.6 & 107.1 \\\hline \text { Common stock } & 266.6 & 279.3 & 265.2 \\\hline \text { Retained earnings } & \underline{105.4} & \underline{79.8} & \underline{61.2} \\\hline \text { Total liabilities and equity } & \$ 620.0 & \$ 570.0 & \$ 510.0 \\\hline \end{array}\end{array}$