The balance sheet and consolidated income statement for Onno Corporation has been provided. What is the common-sized
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The balance sheet and consolidated income statement for Onno Corporation has been provided. What is the common-sized income statement and balance sheet for both years. Why is an accounting statement of cash flows not common-sized?
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Onno Corporation Consolidated Balance Sheet for Years Ending December 31, 2013 and December 31, 2014 (in $ millions) 2014 2013 Assets Current Assets Cash Accounts receivable Inventories Other current assets Total current assets Long-Term Assets Land Buildings Equipment Less accumulated depreciation Net property, plant, and equipment Goodwill Other long-term assets Total long-term assets Total Assets 63.6 55.5 45.9 6.0 171.0 66.6 109.5 119.1 (56.1) 239.1 60.0 63.0 362.1 533.1 Liabilities and Stockholders' Equity 2014 Current Liabilities 58.5 Accounts payable 39.6 Notes payable/short-term debt 42.9 Current maturities of long-term debt 3.0 Other current liabilities 144.0 Total current liabilities Long-Term Liabilities Long-term debt 62.1 91.5 Capital lease obligations 99.6 Total Debt (52.5) Deferred taxes 200.7 Other long-term liabilities Total long-term liabilities 87.6 10.5 39.9 6.0 144.0 42.0 Total liabilities - 2013 239.7 168.9 262.5 406.5 242.7 Stockholders' Equity 126.6 386.7 Total liabilities and Stockholders' Equity 533.1 73.5 9.6 36.9 12.0 132.0 239.7 168.9 22.8 22.2 323.1 63.6 386.7
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Related Book For
Foundations Of Finance
ISBN: 9781292155135
9th Global Edition
Authors: Arthur J. Keown, John D. Martin, J. William Petty
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