Solve this question with steps please. The subject is financial management.Prepare the 2015 combined common size, common base year balance sheet . AssetsCurrent assetsCashAccounts receivableInventoryTotalFixed assetsNet plant and equipmentTotal assetsLiabilities and Owners' EquityCurrent liabilitiesAccounts payableNotes payableTotalLong-term debtOwners' equityCommon stock and paid-in surplusAccumulated retained earnings.TotalTotal liabilities and owners' equity2014 #14(precentage)9,2792.6723,6836.8142,63612.2675,59821.75272,04778.25347,64510041.06011.8116.1574.6557,21716.4640,00011.5150,00014.38200,42857.65250,42872.04347,6451002015 #15(precentage) change Base year11,1732.930.26 1.204116825,7606.75-0.07 1.087746,91512.290.02 1.100361283,84821.960.21 1.1091299297.967-0.21 1.095277778.04100381,8150.00 1.098289943,80511.47-0.34 1.066853416,8434.41-0.24 1.042458460,64815.88-0.57 1.059964735,0009.17-2.340.87550,00013.10-1.29236,16761.854.20 1.1783134286,16774.952.91 1,1427117381,8151000.00 1.0982899

Common size analysis is widely used to evaluate and analyze financial statements to depict and…

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Solve this question with steps please. The subject is financial management. Prepare the 2015 combined common size, common base year balance sheet .

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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Question

Solve this question with steps please. The subject is financial management. Prepare the 2015 combined common size, common base year balance sheet .

Assets
Current assets
Cash
Accounts receivable
Inventory
Total
Fixed assets
Net plant and equipment
Total assets
Liabilities and Owners' Equity
Current liabilities
Accounts payable
Notes payable
Total
Long-term debt
Owners' equity
Common stock and paid-in surplus
Accumulated retained earnings.
Total
Total liabilities and owners' equity
2014 #14(precentage)
9,279
2.67
23,683
6.81
42,636
12.26
75,598
21.75
272,047
78.25
347,645
100
41.060
11.81
16.157
4.65
57,217
16.46
40,000
11.51
50,000
14.38
200,428
57.65
250,428
72.04
347,645
100
2015 #15(precentage) change Base year
11,173
2.93
0.26 1.2041168
25,760
6.75
-0.07 1.0877
46,915
12.29
0.02 1.1003612
83,848
21.96
0.21 1.1091299
297.967
-0.21 1.0952777
78.04
100
381,815
0.00 1.0982899
43,805
11.47
-0.34 1.0668534
16,843
4.41
-0.24 1.0424584
60,648
15.88
-0.57 1.0599647
35,000
9.17
-2.34
0.875
50,000
13.10
-1.29
236,167
61.85
4.20 1.1783134
286,167
74.95
2.91 1,1427117
381,815
100
0.00 1.0982899

Approach to decide on the efficient procurement and investment of funds for the day-to-day operations of a business. Financial management aims at profit maximization, and it includes financing and capital budgeting.

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