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In addition to common-size financial statements, common-base year financial statements are often used. Common-base year...

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Finance

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 the base year account value. Thus, the result shows the
growth rate in the account.
Construct the common-size balance sheet and common-base year balance sheet for the
company. Use 2020 as the base year. (Do not round intermediate calculations. Enter
your common-size answers as a percent and your common-base year answers as a
times. 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.)
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