Question: In addition to common - size financial statements, common - base year financial statements are often used. Common - base year financial statements are constructed
In addition to commonsize financial statements, commonbase year financial statements are often used. Commonbase 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.
Construct the commonsize balance sheet and commonbase year balance sheet for the company. Use as the base year. Do not round Intermedlote calculatlons. Enter your commonslze answers as a percent ond your commonbase year answers as a times. Round your commonsize onswers to declmal ploces, eg and commonbase year answers to declmal places, eg
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times. Round your commonsize answers to decimal places, eg and commonbase year onswers to declmal places, eg
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