2019	2018
Net Sales	$ 3,795.2	$ 3,917.2
Cost of Sales	$ 2,910.2	$ 2,994.0
Consolidated Balance Sheet
	2019	2018
Cash and Cash equivalents	$ 281.9	$ 253.2
Trade receivables, net of allowance $7.2 and $9.3,	$ 450.8	$ 448.7
at 12/31/19 & 12/31/18 respectively
Other receivables, net	$ 35.8	$ 71.5
Total receivables, net	$ 486.6	$ 520.2
Inventories
Finished goods	$ 255.7	$ 242.8
Work in progress	$ 52.6	$ 56.2
Raw materials & supplies	$ 255.1	$ 241.8
LIFO reserve	$ (33.8)	$ (22.6)
Total inventories, net	$ 529.6	$ 518.2
Prepaid expenses and other current assets	$ 36.8	$ 33.2
Total current assets	$ 1,334.9	$ 1,324.8
Property, plant and equipment-at cost
machinery and equipment	$ 1,133.8	$ 1,099.1
Buildings and other	$ 559.4	$ 548.2
Land	$ 37.7	$ 40.0
Total property, plant and equipment	$ 1,730.9	$ 1,687.3
Less accumulated depreciation	$ (1,165.4)	$ (1,146.5)
Net property, plant and equipment	$ 565.5	$ 540.8
Other assets
Goodwill	791.3	806.1
Other intangibles, less accumulated amortization	164.9	188.4
of $137.0 & $139.8 at 12/31/19 & 12/31/18 respectively
Sundry	137.5	117.2
Total other assets	1093.7	1111.7
Total assets	$ 2,994.1	$ 2,977.3
Be sure to show all work
Complete the following 5 questions.
A. Find the common size amount of inventory for both years and
comment on differences that you note. Since the company selling
to retailers, does this ratio look appropriate?	2019	2018
Answer
B. find the inventory turnover for both years and comment on
any change. At 12/31/17, total inventory was $481.4, net
Answer
C. The comapany uses LIFO. What would the company have reported
as inventory in in '18 & '19 had the company used the FIFO method?
(LIFO reserve balances: '19-$33.8, '18-$22.6, & '17-$73.0)
Answer:
D. Recalculate COGS under the FIFO method.
receivables turnover?
Answer:
E. Recalculate the inventory turnover ratios for '18 & '19 under
FIFO method. What differences do you notice between the FIFO
and LIFO ratios?
Answer		,