Comparative balance sheet data for the Addyson Co. at the end of 2010 and 2011 follows:
Prepare a common-size balance sheet comparing financial structure percentages for the two-year period. Use total assets to standardize.
Definitions:
Butanoic Acid
A carboxylic acid with the formula C4H8O2, known for its unpleasant odor, found naturally in plant and animal fats.
2-Pentanone
A five-carbon ketone with the formula CH3COCH2CH2CH3, used as a solvent in various industrial applications.
Thionyl Chloride
A reagent used in organic synthesis for transforming carboxylic acids into acyl chlorides or converting alcohols into alkyl chlorides.
2-Phenylethanol
An organic compound with a floral scent, commonly used in perfumery and flavoring, representing an alcohol with a phenyl group attached to the second carbon.
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