The Comparative Balance Sheet for Silverlight Co

question 178

Essay

The comparative balance sheet for Silverlight Co. is shown below. Express the balance sheet in common-size percentages.
$\begin{array}{c}\text {Silverlight Company}\\\text {Comparative Balance Sheets (in \$000)}\\\text {December \( 31,2016-2018 \)}\\\begin{array}{|l|}\hline \\\hline \text {Cash}\\\hline \text {Accounts receivable}\\\hline \text {Merchandise inventory}\\\hline \text {Plant assets (net)}\\\hline \text {Total assets}\\\hline\\\hline \text {Accounts payable}\\\hline \text {Bonds payable}\\\hline \text {Common stock}\\\hline\\ \text {Retained earnings}\\\hline \text {Total liabilities and equity}\\\hline \end{array}\begin{array}{r|}\hline \underline{2018}\\\hline\$49.6 \\\hline 74.4 \\\hline 148.8 \\\hline \$ 647.7 \\\hline \$ 620.0 \\\hline\\\hline \$ 117.8 \\\hline 130.2 \\\hline 266.6 \\\hline\\\underline{ 105.4 }\\\hline \underline{\$ 620.0}\\\hline \end{array}\begin{array}{r|}\hline \underline{2017 }\\\hline \$ \quad 34.2 \\\hline 85.5 \\\hline 125.4 \\\hline 324.9 \\\hline \$ 570.0 \\\hline\\\hline \$ 51.3 \\\hline 159.6 \\\hline 279.3 \\\hline\\\underline{79.8}\\\hline\underline{\$ 570.0}\\\hline \end{array}\begin{array}{r|}\hline \underline{2016} \\\hline \$ \quad 35.7 \\\hline 76.5 \\\hline 91 . 8\\\hline 306 . 0\\\hline \$ 510.0 \\\hline\\\hline \$ 76.5 \\\hline 107 . 1\\\hline 265.7\\\hline\\\underline{61.2}\\\hline\underline{\$ 5100}\\\hline \end{array}\end{array}$

---

Definitions:

Sporophyte

The diploid phase in the life cycle of plants and algae that produces spores.

Xylem

A type of vascular tissue in plants responsible for the transport of water and minerals from the roots to other parts of the plant.

Phloem

A type of vascular tissue in plants responsible for transporting sugar (photosynthate) from leaves to other parts of the plant.

Evolutionary History

The chronicle of lineage development, adaptation, and diversification of organisms over time.