Question: 5-97. Using a spreadsheet program and the ZZZZ Best financial statements provided in Appendix C, calculate the common-size statements and ratios presented in Tables 5C-1,

5-97. Using a spreadsheet program and the ZZZZ Best financial statements provided in Appendix C, calculate the common-size statements and ratios presented in Tables 5C-1, 5C-2, and 5C-3. Which calculations did you have difficulty reproducing? Can you explain the meaning of each calculation? What did you learn about the relationship between the income statement and balance sheet?

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