on a common size income statement all liabilities are shown as a persentage of ?

-. net income or total assets or total liabalies or sales or total share holders equity ?

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One year ago Lerner and Luckmann Co. issued 20-year, noncallable, 6.7% annual coupon bonds at their par value of $1,000. Today, the market interest rate on these bonds is 8.5%. What is the current price of the bonds, given that they now have 15 years to maturity?