Question: Prepare a common-size balance sheet from the following information for Sandhill Supply Company. (Round answers to 1 decimal place, e.g. 52.79 Sandhill Supply Company Balance

 Prepare a common-size balance sheet from the following information for Sandhill

Prepare a common-size balance sheet from the following information for Sandhill Supply Company. (Round answers to 1 decimal place, e.g. 52.79 Sandhill Supply Company Balance Sheet as of June 30, 2017($ thousands) % of Assets Liabilities and Equity: % of Assets Assets: Cash and marketable Securities $395,000 $825,000 Accounts payable % 96 Accounts receivable 711,000 Notes payable 115,000 % 96 Inventory 42,600 1,165,000 Accrued income taxes 9 % Other current assets 43,000 Total current liabilities $982,600 % 9 $2,314,000 Total current assets 1,150,000 Long-term debt 96 %6 1,979,000 $2,132,600 Net plant and equipment Total liabilities 96 Common stock 1,312,000 Retained earnings 848,400 Total common equity $2,160,400 96 $4,293,000 Total assets $4,293,000 Total liabilities and equity Click if you would like to show Work for this question: Open Show Work

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