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Connect × \\ M MLK Holiday-jwilson14 × \\ L Recent-Google Drive x \\ Untitled document-Go , C0 https://newconnect.mheducation.com/flow/connect.html Apps D PowerTeacherMisc D AP GovernmentSt co D Work l Schedule Access Gmail % Mustang Public Schc D MACU Music e Final Cut Pro X102E D ASOIAF Human Geo #general 99 Talk Simple Team C D Library Chapter 3 Problems Saved Help Save & Exit Submlt Check my work 5 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 10 points Prepare the common-size balance sheet and common-base-year balance sheet for the company. Use 2016 as the base-year. (Do not round intermediate calculations. Enter all common-size answers as a percent. Round your common-size answers to 2 decimal places, e.g., 32.16, and common-base-year answers to 4 decimal places, e.g., 32.1616.) Sklpped JARROW CORPORATION Common-base 2016 Common-size 2017 Common-size ear Book Assets Current assets Cash Accounts receivable Inventory $ 8,164 20,753 37,122 $ 66, 039 $ 18,184 23,237 42,897 $ 75,438 Print Total Fixed assets References Net plant and equipment 215,670 $281,709 243,640 Total assets 319,078 Liabilities and Owners\' Equity Current liabilities Accounts payable Notes payable $ 41,198 17,764 58,962 24, 300 $ 46,184 17,335 63,519 31,300 Total Long-term debt Owners\' equity Common stock and paid-in surplus Accumulated retained earnings 38,300 16e, 147 $198,447 $281,709 39, 500 184, 759 S 224,259 $ 319,078 Total Total liabilities and owners\' equity Mc Graw Hill K Pre 5 of 5 Next

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JARROM CORPORATION 2016 Common Size Calculation 2017 Common Size Calculation Common base year Calculation Current Assets cash 8164 2.90% 8164/218709 10104 3.17% 10104/319078 1.2376 10104/8164 Account receivables 20753 7.37% 20753/218709 23237 7.28% 23237/319078 1.1197 23237/20753 inventory 37122 13.18% 37122/218709 42097 13.19% 42097/319078 1.1340 42097/37122 Total 66039 23.44% 66039/218709 75438 23.64% 75438/319078 1.1423 75438/66039 Fixed assets Net palnt & equipment 215670 76.56% 215670/218709 243640 76.36% 243640/319078 1.1297 243640/215670 Total Assets 281709 100.00% 281709/218709 319078 100.00% 319078/319078 1.1327 319078/281709 Liabilitiies And owners Equity Currnet Liabilities Account payables 41198 14.62% 41198/218709 46184 14.47% 46184/319078 1.1210 46184/41198 note payable 17764 6.31% 17764/218709 17335 5.43% 17335/319078 0.9759 17335/17764 Total 58962 20.93% 58962/218709 63519 19.91% 63519/319078 1.0773 63519/58962 Long term Debt 24300 8.63% 24300/218709 31300 9.81% 31300/319078 1.2881 31300/23400 Owners Equity Common stock And paid in Surplus 38300 13.60% 38300/218709 39500 12.38% 39500/319078 1.0313 39500/38300 Accumulated retained earnings 160147 56.85% 160147/218709 184759 57.90% 184759/319078 1.1537 184759/160147 Total 198447 70.44% 198447/218709 224259 70.28% 224259/319078 1.1301 224259/198447 Total Liabilities and owners Equity 281709 100.00% 281709/218709 319078 100.00% 319078/319078 1.1327 319078/281709