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A. Identify the names of the basic financial statements contained in each company's (the assigned company and the chosen competitor) annual report. B. Using
A. Identify the names of the basic financial statements contained in each company's (the assigned company and the chosen competitor) annual report. B. Using the Balance Sheet, answer the following questions for the assigned company and the chosen competitor 1. Is the balance sheet classified (separate categories within assets, liabilities and equity)? 2. Did your companies present comparative balance sheets (two or more years)? 3. Identify the dollar amount your two companies reported for each of the following. Prepare a table similar to the chart that follows and express each subtotal as a percentage of total assets. This is called a common-sized balance sheet and should be prepared for all years reported on the comparative balance sheet. The percentages for items a e should add to 100% or you should include additional categories that match the content of the respective company's balance sheet. The percentages for items f-k, should add to 100% or you should explain why they do not add to 100%.
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