Question: Prepare a common-size balance sheet from the following information for Ivanhoe Supply Company. (Round answers to 1 decimal place, eg. 52.7%.) Ivanhoe Supply Company Balance

 Prepare a common-size balance sheet from the following information for IvanhoeSupply Company. (Round answers to 1 decimal place, eg. 52.7%.) Ivanhoe Supply

Prepare a common-size balance sheet from the following information for Ivanhoe Supply Company. (Round answers to 1 decimal place, eg. 52.7%.) Ivanhoe Supply Company Balance Sheet as of June 30, 2017($thousands) Assets: : % of Assets Liabilities and Equity: % of Assets Cash and marketable securities $397,000 % Accounts payable $823,000 % Accounts receivable 720,000 % Notes payable 113,000 % Inventory 1,160,000 % Accrued income taxes 43,100 % Other current assets 42,200 % Total current liabilities $979,100 % Total current assets $2,319,200 % Long-term debt 1,160,000 % Question 8 of 20 - / 0.8 Total current assets $2,319,200 % Long-term debt 1,160,000 % Net plant and equipment 1,975.000 % Total liabilities $2,139,100 % Common stock 1,321,000 % Retained earnings 834,100 % Total common equity $2,155,100 % Total assets $4,294,200 % Total liabilities and equity $4,294,200 %

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