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Alberta Playground Inc. produces, markets, distributes, and installs durable playground equipment It is a new, growing playground distributor in Canada, and is hoping to expand
Alberta Playground Inc. produces, markets, distributes, and installs durable playground equipment It is a new, growing playground distributor in Canada, and is hoping to expand to other provinces shortly. Its head office is in Edmonton, and its 2023 and 2022 balance sheets and income statements follow. Alberta Playground Inc. Income Statement ($000) Years Ended March 31 Revenues Cost of sales, selling and administrative expenses Depreciation and amortization expense Operating profit Interest on long-term debt other expenses Earnings before income taxes Income taxes Profit Assume the common shares represent 205,430 (thousand) shares issued and outstanding for the entire year ended March 31,2023 . 1. Prepare a common-size balance sheet and income statement on a comparative basis for 2023 and 2022 (Round the fine) percentage answers to 2 decimal places. Negative answers should be indicated by a minus sign.) 2. Calculate the 2023 ratios for Alberta Playground Inc. including a comparnson against the industry averages. (Round the final answers to 2 decimal places.) \begin{tabular}{|l|l|} \hline ALBERTA PLAYGROUND INC. \\ \hline Common-Size Comparative Income Statement \\ \hline Years ended March 31,2023 and March 31,2022 \\ \hline Revenues \\ \hline Cost of sales and selling. general and administrative & \\ \hline Depreciation and amortization expense \\ \hline Operating profit & (\%) \\ \hline Interest on long-term debt \\ \hline Oiher expenses \\ \hline Profit before income taxes \\ \hline Income taxes \\ \hline Profit \\ \hline \end{tabular}
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