COMMON SIZE FINANCIAL STATEMENTS

The pages containing the Income Statements and Balance Sheets for 2014 and 2013 and 2012 are enclosed.

REQUIRED:

1) Prepare a common size income statement for 2014 and 2013. For the income statement, each amount is divided separately by Sales. Use % figures and not decimal points. Please explain in 4-5 sentences what is your conclusion regarding their operations for the last two years?

2) Prepare a common size balance sheet for September 27, 2014 and September 28, 2013. For the balance sheet, each asset is divided separately by total assets and each liability and equity is divided separately by total liabilities and shareholders equity. Please explain in 4-5 sentences what is your conclusion regarding their financial position for the last two years?