Case study - Prepare the Common Size Balance Sheet. Also share some key observations on the changes between two years based on the Common Size Balance Sheet you have prepared. Balance Sheet of XYZ Limited for two financial years. Equity and Liabilities 2019-20 2020-21 1. Shareholders Funds (a) Share Capital 1000000 1000000 (b) Reserves & Surplus 1200000 1800000 2. Non Current Liabilties 0 375000 3. Current Liabilities 800000 825000 3000000 4000000 Assets 1. Non Current Assets (a) Fixed Assets 1260000 1792000 (b) Non Current Investments] 400000 0 2. Current Assets (a) Inventory 913000 1240000 (b) Trade Receivables 405000 910000 (c) Cash and Cash Equivalents 22000 58000 3000000 4000000 Cashflow of two proposals is given. Year 0 Year 1 Year 2 Year 3 Year 4 Project 1 Project 2 -30000 -100000 15000 50000 20000 40000 25000 30000 30000 20000 Capital Structure of a company 1 8% Debentures 10000 Corporate Tax 50% 2 10% Preference Shares 5000 Floatation Cost 5% 3 Equity Share Capital 20000 4 Reserves and Surplus 25000 Cost of Capital for company 12% Share holder expectation 15 % and shareholder taxation 30%