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Prepare the common-size balance sheet and common-base-year balance sheet for the company. Use 2013 as the base year. 2013 Common-size 2014 Common-size Common-base year Assets
Prepare the common-size balance sheet and common-base-year balance sheet for the company. Use 2013 as the base year.
2013 | Common-size | 2014 | Common-size | Common-base year | |||||||||
Assets | |||||||||||||
Current assets | |||||||||||||
Cash | $8,814 | % | $10,754 | % | |||||||||
Accounts receivable | 22,053 | % | 24,537 | % | |||||||||
Inventory | 38,422 | % | 43,397 | % | |||||||||
Total | $69,289 | % | $78,688 | % | |||||||||
Fixed assets | |||||||||||||
Net plant and equipment | $216,970 | % | $244,940 | % | |||||||||
Total assets | $286,259 | % | $323,628 | % | |||||||||
Liabilities and Owners Equity | |||||||||||||
Current liabilities | |||||||||||||
Accounts payable | $42,498 | % | $47,484 | % | |||||||||
Notes payable | 19,064 | % | 18,635 | % | |||||||||
Total | $61,562 | % | $66,119 | % | |||||||||
Long-term debt | $25,600 | % | $32,600 | % | |||||||||
Owners' equity | |||||||||||||
Common stock and paid-in surplus | $39,600 | % | $40,800 | % | |||||||||
Accumulated retained earnings | 159,497 | % | 184,109 | % | |||||||||
Total | $199,097 | % | $224,909 | % | |||||||||
Total liabilities and owners' equity | $286,259 | % | $323,628 | % | |||||||||
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