The Comparative Balance Sheet for Golden Co

question 169

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 \( 31,2009-2011 \)}\\\begin{array}{|l|r|r|r|}\hline&2009&2010&2011\\\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}$

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The state of being free from ethical or moral wrongdoing, often associated with innocence or virtue.

Affluent Consumer

Individuals with substantial purchasing power, often targeted by marketers for their ability to buy premium goods and services.

High-Status

Holding a position of power, privilege, or high esteem within a societal hierarchy.

Slut Discourse

Discussions or narratives that stigmatize certain sexual behaviors, often aimed at women, based on perceived promiscuity.