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Common-size Balance Sheet. Explain what it is and why it is used in business.  Prepare common-size balance sheet for Target with the info provided below. Assets Cash Accounts receivable Inventory Other current assets Total current assets Gross plant and equipment Accumulated depreciation Net plant and equipment Long-term investments Goodwill, trademarks, and other intangible assets Total assets $ Dec 31, 2022 $20,268 4,873 3.277 2,886 $31,304 $25,032 -10,065 $14,967 11,512 32,272 $90,055

Common-size Balance Sheet. Explain what it is and why it is used in business.  Prepare common-size balance sheet for Target with the info provided below. Assets Cash Accounts receivable Inventory Other current assets Total current assets Gross plant and equipment Accumulated depreciation Net plant and equipment Long-term investments Goodwill, trademarks, and other intangible assets Total assets $ Dec 31, 2022 $20,268 4,873 3.277 2,886 $31,304 $25,032 -10,065 $14,967 11,512 32,272 $90,055

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Common-size Balance Sheet. Explain what it is and why it is used in
business.

 Prepare common-size balance sheet for Target with the info
provided below.

Assets

Cash
Accounts receivable
Inventory
Other current assets
Total current assets
Gross plant and equipment
Accumulated depreciation
Net plant and equipment
Long-term investments
Goodwill, trademarks, and
other intangible assets
Total assets

$ Dec 31, 2022
$20,268
4,873
3.277
2,886
$31,304
$25,032
-10,065
$14,967
11,512

32,272

$90,055

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