Question
JMC company is preparing a common-size balance sheet and wishes the base amount to be the total amount of assets. What are the 2021 and
JMC company is preparing a common-size balance sheet and wishes the base amount to be the total amount of assets. What are the 2021 and 2022 common-size percents for long-term investments?
2021 2022
Cash $21,904 $32,203
Total current assets 101,769 141,128
Property and equipment 112,577 202,558
Long-term investments 12,700 4,344
Intangible assets 16,621 48,703
Other long-term assets 11,709 13,754
Total assets $255,376 $410,487
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Managerial Accounting A Focus on Ethical Decision Making
Authors: Steve Jackson, Roby Sawyers, Greg Jenkins
5th edition
978-0324663853
