Prepare a common-size balance for the current and past year, for both companies. Use cell referencing to calculate the common size percentages and round to two decimal places. Columns have been set up for you to enter your work. and answer the questions at the end. Current assets:Cash and cash equivalentsMerchandise inventoriesOther current assetsTotal current assetsDollar Tree Inc.Common-Size Balance SheetsProperty, plant and equipment, net of accumulated depreciation of $6,025.4 and$5,363.8, respectivelyRestricted cashOperating lease right-of-use assetsGoodwillTrade name intangible assetDeferred tax assetOther assetsTotal assetsCurrent liabilities:Current portion of operating lease liabilitiesAccounts payableIncome taxes payableOther current liabilitiesTotal current liabilitiesLong-term debt, netOperating lease liabilities, long-termDeferred income taxes, netIncome taxes payable, long-termOther liabilitiesTotal liabilitiesShareholders' equity:Common stock, par value $0.01; 600,000,000 shares authorized, 221,222,984 and225,100,198 shares issued and outstanding at January 28, 2023 and January 29,2022, respectivelyAdditional paid-in capitalAccumulated other comprehensive lossRetained earningsTotal shareholders' equityTotal liabilities and shareholders' equityDollar amounts in MillionsJan. 28, 2023 Jan. 29, 2022$ 642.85,449.32756,367.14,972.268.56,4581,983.13,1001558.223,022.11,449.61,899.858.1817.74,225.23,421.65,255.31,105.717.4245.414,270.62.2667.5(41.2)8,1238,751.5$ 23,022.1$ 984.94,367.32575,609.24,477.353.46,425.31,984.43,10020.351.921,721.81,407.81,884.282.68024,176.63,4175,145.5987.220.9256.114,003.32.21,243.9(35.2)6,507.67,718.5$ 21,721.8PercentagesJan. 28, 2023Jan. 29, 2022#1 Answer the following questions below for the most recent year. Make sure you are referencing specific account and not a total line for A and B.a. What are the company's 2 largest assets?b. What are the company's 2 largest liabilities?c. What percentage of total assets is financed by owners?d. What percentage of total assets is financed by creditors?

Vertical analysis is a method of financial statement analysis in which each line item is listed…

Answered: Prepare a common-size balance

Business

Accounting

Prepare a common-size balance

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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