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There needs to be a problem solving method and step for each yellow box. % Difference Common Size (12/31/20x2) 20x2 25% % 10% 0.2% 5%
There needs to be a problem solving method and step for each yellow box.
% Difference Common Size (12/31/20x2) 20x2 25% % 10% 0.2% 5% 0.10% 1% balance sheet of Dec.31, 20x1 and 20x2 of the Logstreth Lodge: 31.Dec 20x1 Current asset Cash 800 $1'000 Accounts receivable 30'000 Inventories 500 550 Prepaid expenses Total current assets Property & equipment: Land 100'000 Building 400'000 Equipment Accumulated depreciation -35'000 Net property and equipment Other assets Total assets $562'000 550000 10% % % % 0% 0% 0% % 10% -8% % % % % % % % + Required Fill in the blanks above. Round all percentages to the nearest 0.1% Total assets *.1%=550 Total assets = 550/.1%Step by Step Solution
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