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Prepare a common-size balance sheet from the following information for Carla Vista Supply Company. (Round answers to 1 decimal place, e.g. 52.7%.) Carla Vista Supply
Prepare a common-size balance sheet from the following information for Carla Vista Supply Company. (Round answers to 1 decimal place, e.g. 52.7%.)
Carla Vista Supply Company Balance Sheet as of June 30, 2017($ thousands) % of Assets Liabilities and Equity: Accounts payable Notes payable Assets: % of Assets Cash and marketable securities $395,000 706,000 1,162,000 42,600 $2,305,600 1,982,000 $817,000 112,000 43,100 $972,100 1,154,000 $2,126,100 1,312,000 849,500 $2,161,500 $4,287,600 Accounts receivable Inventory Accrued income taxes Other current assets Total current liabilities Total current assets Long-term debt Net plant and equipment Total liabilities Common stock Retained earnings Total common equity Total assets $4,287,600 Total liabilities and equityStep by Step Solution
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