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In addition to common-size financlal statements, common-base year financlal statements are often used. Common-base year financlal statements are constructed by dividing the current year account
In addition to common-size financlal statements, common-base year financlal statements are often used. Common-base year financlal 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. Construct the common-slze balance sheet and common-base year balance sheet for the company. Use 2020 as the base year. (Do not round Intermedlate calculations. Enter your common-s|ze answers as a percent and your common-base year answers as a times. 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.)
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