Prepare a common-size balance sheet from the following information for Abercrombie Supply Company. Abercrombie Supply Company Balance
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Abercrombie Supply Company Balance Sheet as of June 30, 2017 ($ thousands) Liabilities and Equity: Accounts payable Notes payable Assets: $ 396,494 $ 817,845 Cash and marketable securities Accounts receivable 708,275 1,152,398 101,229 41,322 Inventory Accrued income taxes $ 960,396 Other current assets 42,115 Total current liabilities $2,299,282 Long-term debt Total current assets 1,149,520 $2,109,916 Net plant and equipment 1,978,455 Total liabilities Common stock Retained earnings Total common equity Total liabilities and equity 1,312,137 855,684 $2,167,821 $4,277,737 Total assets $4,277,737
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Related Book For
Fundamentals of Corporate Finance
ISBN: 978-1119371403
4th edition
Authors: Robert Parrino, David S. Kidwell, Thomas Bates
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