For The Years Ended 2004 And 2003 in millions Pear Inc Grape

For The Years Ended 2004 And 2003 (in millions) Pear, Inc. Grape, Inc. As of Common-size Vo As of common-size % Dec. 31 2004 Dec. 31 2004 Dec. 31 2003 Dec. 31 2004 Dec. 31 2003 Dec. 31 2004 Dec. 31 2003 Dec. 31 2003 Total assets $6,302.7 $5,171.4 100.0% 100.0% | $8,166.0 $4,084.0 100.0% 100.0% Total liabilities$2,919.4 $3,145.0 6 $4,492.0 1,430.0 Total owners equity 3,383.3 2,026.4 3,674.0 2,654.0 Total lia. And owners\' equity $6,302.7 $5,171.4 100.0% 100.0% | $8,166.0 $4,084.0 100.0% 100.0% COMPARATIVE COMMON-SIZE INCOME STATEMENTS For The Years Ended 2004 And 2003 (in millions) Pear, Inc. Grape, Inc. Years Ended Common-size Vo Years Ended Common-size Vo Dec. 31 2004 Dec. 31 2004 Dec. 31 2003 Dec. 31 2004 Dec. 31 2003 Dec. 31 2004 Dec. 31 2003 Dec. 31 2003 100.0% $9,188.8 9,125.0 $ 63.8 $7,977.0 7,890.4 86.6 100.0% 100.0% | $10,866.0 10,050.0 816.0 $7,191.0 6,729.0 462.0 Total revenues 100.0 Total expenses Net income 6

Solution

Answer

2004: $ 8166.0
2003: $ 4084

Total = 8166 + 4084 = $ 12,250

Average Total Assets = 12250 / 2 = $ 6125.00