Using the Following Balance Sheet, Prepare a Common Size Balance

question 50

Essay

Using the following balance sheet, prepare a common size balance sheet: $\begin{array}{lrcr}\text { Assets }&&\text { Liabilities and stockholders' equity }\\\hline\text { Current assets }&&\text { Current liabilities }\\\text { Cash }&4&\text { Accounts payable }&28\\\text { Short-term investments } & 9 & \text { Current portion of } \\\text { Accounts receivable } & 32 & \text { long-term debt } & \underline{12} \\\text { Inventory } & 41 & \text { Total current liabilities } & 40\\\text { Prepaid expenses } & 2 & \text { Long-term liabilities } \\\text { Deferred taxes, current } & 7 & \text { Long-term debt } & 48\\\text { Total current assets }&95&\text { Total liabilities }&88\\\\\text { Long-term assets }&&\text { Stockholders' equity }\\\text { Property \& equipment } & 53 & \text { Common stock and PIC } & 51 \\\text { Goodwill } & 12 & \text { Retained earnings } & 30\\\text { Long-term investments }&8\\\text { Other assets }&1&\text { Total stockholders' equity }&81\\\text { Total assets }&169&\text { Total liabilities and equity }&169\end{array}$

Recognize the legal implications of business practices and the distinction between ethical and legal behaviors.

Identify ethical dilemmas and understand ethical behavior in business practices.

Understand the implications of public opinion on the perception of ethical standards in various professions.

Recognize the importance of ethics in marketing and business decisions.

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Definitions:

Minute Respiratory Volume

This measures the total amount of air a person can exhale or inhale in one minute.

Tidal Volume

The volume of air moved into or out of the lungs during a normal breath.

Ventilation Rate

The frequency of air exchange in and out of the lungs, important for maintaining proper levels of oxygen and carbon dioxide in the body.

Pseudostratified Ciliated Columnar Epithelium

A type of epithelium characterized by cells of varying heights with cilia on their surface, giving the appearance of being stratified although each cell touches the basal lamina.