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Common-Sized Balance Sheets
Common-sized (i.e., information presented as percentages instead of monetary amounts) Balance Sheets for the 3 most recent years in the most recent annual report for your corporation.
How do common-sized Balance Sheets assist in the analysis of advanced cost/managerial accounting data to use in planning, budgeting, and forecasting? What conclusions do you draw from analyzing the three years of common-sized Balanced Sheets relative the corporations’ planning, budgeting, and forecasting?
How could or should the content of this discussion topic assist professional accounting leaders and managers make ethical, efficient and effective decisions? This is due no later than Wednesday with additional value-adding postings on a minimum of 2 other days as is required each week for each discussion thread.