Compute the common sized balance sheet for the states presented in Table 3.6. Are these states significantly different?

Table 3.6

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Category Farms - numbers Farm assets Current assets Arkansas Florida Georgia Indiana Kansas 2,120 5,844 2,011 1,534 1,509 1,939,710 3,748,189 2,563,347 5,498,119 5,401,580 171,554 141,062 1,157,317 1,671,367 6,473 118,566 865,832 38,502 582,957 329,662 8,331 115,816 84,659 9,550 34,782 192,890 913 4,227 11,061 11,190 81,655 119,880 73,980 294,136 187,135 242,610 Livestock inventory 6,936 Crop inventory 111,748 36,541 Purchased inputs 15,593 2,477 Cash invested in growing crops Prepaid insurance 4,807 5,939 Other Non-current Investment in cooperatives Land and buildings 1,697,100 3,576,635 2,422,285 4,340,802 3,730,213 3,871 7,451 2,262 7,414 22,502 1,172,865 3,505,213 2,019,020 3,359,613 2,633,571 483,041 50,076 345,925 870,889 821,098 33,742 19,084 53,469 102,886 123,397 106,979 253,043 65,809 58,199 80,357 385,780 76,184 417,039 1,099,926 1,449,277 Farm equipment Breeding animals Operators dwelling Farm liabilities Current 123,937 18,248 92,485 446,070 946,935 Notes payable within one year 8,012 27,422 267,841 800,430 Current portion of term debt 30,215 5,291 35,087 85,324 70,698 Accrued interest 10,651 2,137 11,612 30,211 41,204 Accounts payable Non-current Non-real estate 20,102 2,808 18,364 62,694 34,602 Real estate Farm equity Debt-to-asset (percent) Land share (percent) 261,843 57,936 324,554 653,856 502,342 35,694 2,163 34,518 129,740 120,840 226,149 55,773 290,037 524,116 381,503 1,553,930 3,672,005 2,146,308 4,398,194 3,952,303 19.9 2.0 60.5 93.5 16.3 20.0 26.8 78.8 61.1 48.8