n addition to common-size financial statements, common-base year financial statements are often used. Common-base 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.

Construct the common-size balance sheet and common-base year balance sheet for the company. Use 2018 as the base year. (Do not round intermediate calculations. Enter your common-size 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.)

JARROW CORPORATION 2018 Common-size 2019 Common-size Common-base year Assets $ 1.2400 123.63% % 1.1200 8,214 20,853 37,222 66,289 % $ % % % $ 10,154 23,337 42,197 75,688 1.1300 % % $ 1.1400 1.1300 $ $ 215,770 282,059 243,740 319,428 % % % $ 1.1300 Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings Total Total liabilities and owners' equity % $ 46,284 1.1200 % % 0.9800 41,298 17,864 59,162 24,400 $ $ 1.0800 % % 17,435 63,719 31,400 $ $ % % 1.2900 $ % 1.0300 1.1500 38,400 160,097 198,497 282,059 % $ % % % $ 39,600 184,709 224,309 319,428 $ $ $ % % %