Compare and contrast the two common-size balance sheets below. Firm A may belong to an auto manufacturer, and Firm B may belong to a computer manufacturer. Is this statement true or false? Common Size Balance Sheets Assets Firm A Firm B Cash 26.7% 10.6% Accounts receivable 18.8% 0.9% Inventory 1.7% 2.9% Other current assets 7.9% 5.0% Total current assets 55.1% 19.4% Net plant and equipment 7.9% 13.3% Other long-term assets 37.1% 67.3% Total assets 100.0% 100.0% Liabilities Accounts payable 37.9% 6.5% Notes payable 0.0% 0.6% Other current liabilities 18.5% 19.0% Total current liabilities 56.4% 26.0% Long-term debt 2.6% 56.3% Other liabilities 8.4% 13.9% Total liabilities 67.5% 96.3% Common equity 0.8% 1.0% Retained earnings 31.7% 2.7% Total stockholders’ equity 32.5% 3.7% Total liabilities and equity 100.0% 100.0%