Question: Prepare the common-size balance sheet and common-base-year balance sheet for the company. Use 2013 as the base year. (Do not round intermediate calculations. Enter all
Prepare the common-size balance sheet and common-base-year balance sheet for the company. Use 2013 as the base year. (Do not round intermediate calculations. Enter all common-size answers as a percent. Round your common-size answers to 2 decimal places (e.g., 32.16) and common-base-year answers to 4 decimal places (e.g., 32.1616).)
| JARROW CORPORATION | |||||||||||||
| 2013 | Common-size | 2014 | Common-size | Common-base year | |||||||||
| Assets | |||||||||||||
| Current assets | |||||||||||||
| Cash | $8,964 | % | $10,904 | % | |||||||||
| Accounts receivable | 22,353 | % | 24,837 | % | |||||||||
| Inventory | 38,722 | % | 43,697 | % | |||||||||
| Total | $70,039 | % | $79,438 | % | |||||||||
| Fixed assets | |||||||||||||
| Net plant and equipment | $217,270 | % | $245,240 | % | |||||||||
| Total assets | $287,309 | % | $324,678 | % | |||||||||
| Liabilities and Owners Equity | |||||||||||||
| Current liabilities | |||||||||||||
| Accounts payable | $42,798 | % | $47,784 | % | |||||||||
| Notes payable | 19,364 | % | 18,935 | % | |||||||||
| Total | $62,162 | % | $66,719 | % | |||||||||
| Long-term debt | $25,900 | % | $32,900 | % | |||||||||
| Owners' equity | |||||||||||||
| Common stock and paid-in surplus | $39,900 | % | $41,100 | % | |||||||||
| Accumulated retained earnings | 159,347 | % | 183,959 | % | |||||||||
| Total | $199,247 | % | $225,059 | % | |||||||||
| Total liabilities and owners' equity | $287,309 | % | $324,678 | % | |||||||||
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