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Plz complete 4.3, using the values from 4.2. 4.2 Prepare a common-size balance sheet from the following information for Abercrombie Supply Company Abercrombie Supply Company
Plz complete 4.3, using the values from 4.2.
4.2 Prepare a common-size balance sheet from the following information for Abercrombie Supply Company Abercrombie Supply Company Balance Sheet as of June 30, 2017 (S thousands) Liabilities and Equity: Assets Cash and marketable securities S 817.845 Accounts payable Notes payable 396,494 101,229 708,275 Accounts receivable 41,322 Accrued income taxes 1,152,398 Inventory Other current assets 960,396 42,115 Total current liabilities 149,520 Long-term debt $2,299,282 Total current assets $2,109.916 1,312,137 1,978,455 Total liabilities Net plant and equipment Common stock 855,684 Retained earnings Total common equity Total liabilities and equity $2,167,821 $4.277.737 $4,277,737 Total assets 4.3 Using the 2017 data for the Abercrombie Supply Company, cal culate the following liquidity ratios: inesinerestened h. e. a. Current ratio. b. Quick ratioStep by Step Solution
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