The Comparative Balance Sheet for Silverlight Co

question 201

Essay

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
$\begin{array}{|l|c|c|c|}\hline \text { Cash } & \$ \quad 49.6 & \$ \quad 34.2 & \$ 35.7 \\\hline \text { Accounts receivable } & 74.4 & 85.5 & 76.5 \\\hline \text { Merchandise inventory } & 148.8 & 125.4 &91.8 \\\hline \text { Plant assets (net) } & 347.2 & \underline{324.9} & 306.0 \\\hline \text { Total assets } & \$ 620.0 & \$ 570.0 & \$ 510.0 \\\hline\\\hline \text { Accounts payable } & \$ 117.8 & \$ 51.3 & \$ 76.5 \\\hline \text { Bonds payable } & 130.2 & 159.6 & 107 \\\hline \text { Common stock } & 266.6 & 279.3 & 265 \\\hline \text { Retained earnings }101 & 105.4 & 79.8 &61.2 \\\hline \end{array}$ $\begin{array}{|l|r|r|r|}\hline\text { Retained earnings } & \underline{105.4} & \underline{79.8} & \underline{61.2} \\\hline \text { Total liabilities and equity } & \$ 620.0 & \$ 570.0 & \$ 510.0 \\\hline\end{array}$

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Definitions:

World Interest Rates

The average level of interest rates across different countries, significantly influenced by major economies' monetary policies.

Real Interest Rates

The interest rate adjusted for inflation, reflecting the real cost of borrowing or the real yield on savings.

Capital Markets

Financial markets where long-term debt or equity-backed securities are bought and sold, facilitating the raising of capital by companies and governments.

Federal Outlays

Expenditures or spending by the federal government, including on programs, services, and interest on debt.