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, Alberta, and its 2020 and 2019 balance sheets and income statements follow.

Alberta Playground Inc.
Balance Sheet ($000)
Years Ended March 31
	2020			2019
Assets
Current assets
Cash and cash equivalents	$	79,491		$	56,819
Receivables		462,807			369,069
Inventories		667,194			571,754
Prepaid expenses and other assets		51,540			30,094
Non-strategic investment		28,143			400
Other current assets		33,523			28,842
Total current assets	$	1,322,698		$	1,056,978
Portfolio investment		0			41,343
Property, Plant, & Equipment		1,107,150			1,118,756
Goodwill		855,830			724,695
Trademarks and other intangibles		345,038			322,613
Other assets		141,193			96,666
Total assets	$	3,771,909		$	3,361,051
Liabilities
Current liabilities
Bank loans	$	172,589		$	63,572
Accounts payable and accrued liabilities		576,779			474,106
Income taxes payable		200,638			151,377
Current portion of long term debt		28,599			9,039
Total current liabilities	$	978,605		$	698,094
Non-Current Liabilities
Long-term debt		382,480			384,790
Other liabilities		190,983			155,369
Total liabilities	$	1,552,068		$	1,238,253
Equity
Common shares	$	637,675		$	604,749
Retained earnings		1,582,166			1,518,049
Total equity	$	2,219,841		$	2,122,798
Total liabilities and equity	$	3,771,909		$	3,361,051

Alberta Playground Inc.
Income Statement ($000)
Years Ended March 31
	2020			2019
Revenues	$	6,225,470		$	6,010,582
Cost of sales, selling and administrative expenses		5,275,330			5,158,511
Depreciation and amortization expense		109,832			118,506
Operating profit		840,308			733,565
Interest on long-term debt		23,811			30,501
Other expenses		16,263			7,161
Earnings before income taxes		800,234			695,903
Income taxes		206,715			170,789
Profit	$	593,519		$	525,114

Assume the common shares represent 205,830 (thousand) shares issued and outstanding for the entire year ended March 31, 2020. Required: 1. Prepare a common-size balance sheet and income statement on a comparative basis for 2019 and 2020. (Round the final percentage answers to 2 decimal places. Negative answers should be indicated by a minus sign.)

ALBERTA PLAYGROUND INC.
Common-Size Comparative Balance Sheet
As at March 31, 2020 and March 31, 2019
	2020 (%)	2019 (%)
Assets
Current assets
Cash and cash equivalents
Receivables
Inventories
Prepaid expenses and other assets
Non-strategic investment
Other current assets
Total current assets
Portfolio investment
Property, plant and equipment
Goodwill
Trademarks and other intangibles
Other assets
Total assets
Liabilities
Current liabilities
Bank loans
Accounts payable and accrued liabilities
Income taxes payable
Current portion of long-term debt
Total current liabilities
Long-term debt
Other liabilities
Total liabilities
Equity
Common shares
Retained earnings
Total equity
Total liabilities and equity

ALBERTA PLAYGROUND INC.
Common-Size Comparative Income Statement
Years ended March 31, 2020 and March 31, 2019
	2020 (%)	2019 (%)
Revenues
Cost of sales and selling, general and administrative
Depreciation and amortization expense
Operating profit
Interest on long-term debt
Other expenses
Profit before income taxes
Income taxes
Profit

2. Calculate the 2020 ratios for Alberta Playground Inc. including a comparison against the industry averages. (Round the final answers to 2 decimal places.)