The comparative balance sheet for Silverlight Co. is shown below. Express the balance sheet in common-size percentages. Silverlight CompanyComparative Balance Sheets (in $000)December 31, 2016-2018 $\begin{array}{|l|c|c|c|} \hline \text { Cash } & \$ \quad 49.6 & \$ \quad 34.2 & \$ 35.7 \\ \hline \text { Accounts receivable } & 74.4 & 85.5 & 76.5 \\ \hline \text { Merchandise inventory } & 148.8 & 125.4 &91.8 \\ \hline \text { Plant assets (net) } & 347.2 & \underline{324.9} & 306.0 \\ \hline \text { Total assets } & \$ 620.0 & \$ 570.0 & \$ 510.0 \\ \hline\\ \hline \text { Accounts payable } & \$ 117.8 & \$ 51.3 & \$ 76.5 \\ \hline \text { Bonds payable } & 130.2 & 159.6 & 107 \\ \hline \text { Common stock } & 266.6 & 279.3 & 265 \\ \hline \text { Retained earnings }101 & 105.4 & 79.8 &61.2 \\ \hline \end{array}$ $\begin{array}{|l|r|r|r|} \hline\text { Retained earnings } & \underline{105.4} & \underline{79.8} & \underline{61.2} \\ \hline \text { Total liabilities and equity } & \$ 620.0 & \$ 570.0 & \$ 510.0 \\ \hline \end{array}$

Silverlight CompanyCommon-size Comparati

Calculate the percent increases for each of the following selected balance sheet items. \[\begin{array} {| l | r | r| } \hline & { 2018 } &{ 2017 } \\ \hline \text { Cash }& \$ 569 & \$ 448 \\ \hline \text { Accounts receivable }& 2,234 & 2,337 \\ \hline \text { Merchandise inventory }& 1,062 & 1,071 \\ \hline\text { Plant assets } & 2,432 & 2,138 \\ \hline \text { Bonds payable } & 1,164 & 1,666 \\ \hline \text { Equity }& 2,777 & 2,894 \end{array}\]

The answer of Calculate the percent increases for each of...

Refer to the following selected financial information from McCormik, LLC. Compute the company's working capital for Year 2. \[\begin{array} { | l | r | r | } \hline & { \text { Year 2 } } & { \text { Year 1 } } \\ \hline \text { Cash } & \$ 37,500 & 3 6 , 8 5 0 \\ \hline \text { Short-term investments } & 90,000 & 90,000 \\ \hline \text { Accounts receivable, net } & 85,500 & 86,250 \\ \hline \text { Merchandise inventory } & 121,000 & 117,000 \\ \hline \text { Prepaid expenses } & 12,100 & 13,500 \\ \hline \text { Plant assets } & 388,000 & 392,000 \\ \hline \text { Accounts payable } & 113,400 & 111.750 \\ \hline \text { Net sales } & 711,000 & 706,000 \\ \hline \text { Cost of goods sold } & 390,000 & 385,500 \\ \hline \end{array}\]

A) $111,700. B) $220,600. C) $147,200. D) $142,700. E) $232,700. A) $111,700. B) $220,600. C) $147,200. D) $142,700. E) $232,700.

Use the following selected information from Wheeler, LLC to determine the 2017 and 2016 trend percentages for net sales using 2016 as the base. \[\begin{array} { | l | r | r | } \hline & { \mathbf { 2 0 1 7 } } &{ \mathbf { 2 0 1 6 } } \\ \hline \text { Net sales } & \$ 276,200 & \$ 231,400 \\ \hline \text { Cost of goods sold } & 151,900 & 129,590 \\ \hline \text { Operating expenses } & 55,240 & 53,240 \\ \hline \text { Net earnings } & 27,820 & 19,820 \\ \hline \end{array}\]

A) 117.2% for 2017 and 100.0% for 2016. B) 55.0% for 2017 and 56.0% for 2016. C) 65.1% for 2017 and 64.6% for 2016. D) 36.4% for 2017 and 41.1% for 2016. E) 119.4% for 2017 and 100.0% for 2016. A) 117.2% for 2017 and 100.0% for 2016. B) 55.0% for 2017 and 56.0% for 2016. C) 65.1% for 2017 and 64.6% for 2016. D) 36.4% for 2017 and 41.1% for 2016. E) 119.4% for 2017 and 100.0% for 2016.