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A. Prepare a Common Size Income Statement (all line items as a % of sales) and Balance Sheet (all line items as a % of
A. Prepare a Common Size Income Statement (all line items as a % of sales) and Balance Sheet (all line items as a % of total assets).
Consolidated Balance Sheets (continued) LIABILITIES AND STOCKHOLDERS'INVESTMENT Current Liabilities: 1,810466 S 2,950,72 Accounts payable 1,808,467 Accrued liabilities ,153,089 Dividends payable 479,876 480.395 175,568 347 507 Income taxes payable Total current liabilities 3.618.999 5 S87,090 Defered Compensation 1,095,961 l,047482 125,000 Derivative Liability 125,000 Stockholders' Investment Common stock, S0.005 par value, authorized 8,500,000 shares, issued and outstanding 3,691353 and 2,049,384 3,695,351 shares, respectively 1,649,408 Retained earnings 21,581,008 21,568,027 Total Stockholders' Investment 23,630.392 23.217435 S 28,470.352 S 29,977,007Step by Step Solution
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