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Problem 17-7A Calculatlon of financlal statement ratios LO4 Alberta Playground Inc. produces, markets, distributes, and installs durable playground equipment it is a new, growing playground
Problem 17-7A Calculatlon of financlal statement ratios LO4 Alberta Playground Inc. produces, markets, distributes, and installs durable playground equipment it is a new, growing playground distributor in Canada, and is hoping to expand to other provinces shortly. Its head office is in Edmorton, and its 2023 and 2022 balance sheets and income statements follow. Assume the common shares represent 204,930 (thousand) shares issued and outstanding for the entre year ended March 31,2023. Required: 1. Prepare a common-size balance sheet and income statement on a comparative basis for 2023 and 2022 (Round the final percentage answers to 2 decimal places. Negative answers shouild be indicated ty a minus sign.) \begin{tabular}{|l|} \hline Total liabilities \\ \hline Equity \\ \hline Common shares \\ \hline Retained eamings \\ \hline Total equity \\ Totalliabilities and equity \\ \hline \end{tabular} 2 Calculate the 2023 ratios for Alberta Playground Inc. Including a comparison against the industry averages. (Round the final answers to 2 decimal places)
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