Prepare the common-size balance sheet and common-base-year balance sheet for the company. Use 2013 as the...

Prepare the common-size balance sheet and common-base-year balance sheet for the company. Use 2013 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).)

	JARROW CORPORATION
		2013	Common-size		2014	Common-size		Common-base year

Assets
Current assets
Cash		$8,964		%	$10,904		%
Accounts receivable		22,353		%	24,837		%
Inventory		38,722		%	43,697		%

Total		$70,039		%	$79,438		%
Fixed assets
Net plant and equipment		$217,270		%	$245,240		%

Total assets		$287,309		%	$324,678		%

Liabilities and Owners’ Equity
Current liabilities
Accounts payable		$42,798		%	$47,784		%
Notes payable		19,364		%	18,935		%

Total		$62,162		%	$66,719		%
Long-term debt		$25,900		%	$32,900		%
Owners' equity
Common stock and paid-in surplus		$39,900		%	$41,100		%
Accumulated retained earnings		159,347		%	183,959		%

Total		$199,247		%	$225,059		%

Total liabilities and owners' equity		$287,309		%	$324,678		%

Expert Solution

ekkarill92 answered 1 year ago

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