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PROBLEM 2. Given the Balance Sheet below, answer the following question: Starbright Corporation Balance Sheet For the years 2017 to 2021 Assets Current assets: Cash
PROBLEM 2. Given the Balance Sheet below, answer the following question: Starbright Corporation Balance Sheet For the years 2017 to 2021 Assets Current assets: Cash Accounts Receivable Prepaid expenses Inventory Total current assets Property & Equipment. Goodwill Total Assets Liabilities Current liabilities: Accounts Payable Accrued expenses Unearned revenue Total current liabilities Long-term debt Other long-term liabilities Total Liabilities Shareholder's Equity Equity Capital Retained Earnings Shareholder's Equity Total Liabilities & Shareholder's Equity Check 2017 167,971 5.100 4,806 7,805 185.682 45.500 3.580 234,762 3,902 1.320 1,540 6,762 50.000 5.526 62,288 170.000 2,474 172,474 234,762 0.000 2018 181,210 5.904 5.513 9.601 202.228 42.350 3.460 248,038 4,800 1,541 1.560 7.901 50.000 5.872 63,773 170,000 14,265 184,265 248,038 0.000 2019 183,715 6.567 5.170 9.825 205.277 40,145 3,910 249,332 4.912 1,662 1,853 8,427 30.000 5.565 43,992 170,000 35.340 205,340 249,332 0.000 2020 211,069 7,117 5.998 10.531 234,715 38.602 3,870 277,187 5,265 1.865 1.952 9.082 30,000 6.051 45,133 170.000 62,053 232.053 277,187 0.000 2021 239.550 7,539 5,682 11,342 264,112 37.521 3,850 305,483 5,671 1,899 1,724 9.294 30.000 5.909 45,203 170.000 90.280 260,280 305,483 1. Which period has a higher Total Liabilities? Show your comparative analysis. 2. In 2019 and 2020, how much part of the total assets was invested in non-current assets? 3. In 2017 and 2018, how much part of the total assets was financed through borrowing? 0.000 4. In 2019 and 2020, how much part of the total assets was financed through Equity? 5. Prepare a common-size financial statements for the period 2017 to 2021. Compute only for Total Assets and Total Liabilities and Equity
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