Question: Balance sheets for companies in the same industry should look similar except for the overall size of the accounts. That is, if one companys property,

“Balance sheets for companies in the same industry should look similar except for the overall size of the accounts. That is, if one company’s property, plant, and equipment are 40% of total assets, you would expect other companies in the industry to also have property, plant, and equipment that totals about 40% of total assets.” Do you agree? Explain.

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