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(Solved): In addition to common-size financial statements, common-base-year financial statements are often us ...
In addition to common-size financial statements, common-base-year financial statements are often used Common-base-year financial statements are constructed by dividing the current-year account value by base-year account value. Thus, the result shows the growth rate in the account. Prepare the common-size balance sheet and common-base-year balance sheet for the company. Use 2019 as the base year. (Do not round intermediate calculations. Enter all common-size onswers as a percent rounded to 2 decimal places, e.g., 32.16. Enter all common-base-year answers to 4 decimal places, e.g., 32.1616.)