Telford Industrial Services plc is a medium-sized business. Extracts from the business’s financial statements appear below.

Required:
Prepare a set of common-size statements of financial position and common-size income statements, on a vertical basis, using equity as the base figure for the statements of financial position and sales revenue as the base figure for the income statements.

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Summary of statements of financial position at 31 December 2012 2013 m m 2014 m 2015 m ASSETS Non-current assets 48 51 65 64 Current assets Inventories Trade receivables Cash Total assets EQUITY AND LIABILITIES Equity Non-current liabilities Current liabilities Trade payables Short-term borrowings Total equity and liabilities '3 8 8g 103 22 42 3 67 118 122 61 30 20 27 18 5 8 25 27 26 118 122 119 63 30 &3[ 8 [& 6 ' 8