Question: In addition to common size financial statements common base year financial statements
In addition to common-size financial statements, common-base year financial statements are often used. Common-base year financial statements are constructed by dividing the current year account value by the base year account value. Thus, the result shows the growth rate in the account. Using the financial statements below, construct the common-size balance sheet and common-base year balance sheet for the company. Use 2009 as the base year.
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