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Prepare a common-size balance sheet as of december 31 20x1

What is the numerator for the common size retained earnings, to calculate the income statement the numerator is Sales, is the numerator for the retained earnings net income or sales.

Prepare a common-size balance sheet as of December 31, 20x1, and a common-size income and retained earnings statement for 20x1.

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Accounting Basics: Prepare a common-size balance sheet as of december 31 20x1

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