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In addition to common-size financial statements, commonbase year financial statements are often used. Commonbase year financial statements are constructed by dividing the current year account
In addition to common-size financial statements, commonbase year financial statements are often used. Commonbase year financial statements are constructed by dividing the current year account value by the base year account value. Thus, the result shows the growth rate in the account. |
Prepare the common-size balance sheet and commonbase year balance sheet for the company. Use 2014 as the base year. (Info shown in atachment)
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