In addition to common-size common-base year are often used. Common-base year 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.
Prepare the common-size and common-base year for the company. Use 2014 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.)
JARROW Common-size 2015 Common-size Common-base year
Assets
Current assets
Cash $ 8,514 _____ % $10,454 ______% ________
21,453 _____% 23,937 ______% _________
Inventory 37,822 _____% 42,797 ______% _________
Total $ 67,789 _____ % $77,188 _____% __________
Fixed assets
Net plant and equipment $ 216,370 _____% $244,340 _____% _______
Total assets $ 284,159 _____% $321,528 _____% ________
Liabilities and Owners’ Equity
Current liabilities
$ 41,898 _____% $46,884 _____% _______
Notes payable 18,464 _____% 18,035 _____% _________
Total $ 60,362 ____% $64,919 ____% ________
Long-term debt $ 25,000 _____% $32,000 ____% ________
Owners’ equity
and paid-in surplus $ 39,000 ____% $40,200 _____% ________
Retained earnings 159,797 ____% 184,409 _____% ________
Total $ 198,797 ____% $224,609 _____% ________
Total liabilities and owners’ equity $ 284,159 _____% $321,528 ____% ________
Enjoy 24/7 customer support for any queries or concerns you have.
Phone: +1 213 3772458
Email: support@gradeessays.com