Common-size Analysis. Summary income statements and balance sheets are presented for the three largest companies in the chemical industry for fiscal year 20xx (current year, in millions) and for fiscal year 20yy (prior year, in millions). For additional information, their web sites (ticker symbols) are www.dupont.com (DD); www.dow.com (DOW); and www.ppg.com (PPG). Hint: Use the Dow and PPG calculations as a guide. You can use the ratios from the textbook but if the ratios require information not provided below then assume that item is zero.

Income Statement

	Du Pont	Dow	PPG
Revenues	$24,726	$27,805	$8,169
COGS	16,727	22,015	5,137
Gross Profit	7,999	5,790	3,032
SG&A Expenses	4,513	2,807	1,764
Net Income	4,339	-385	387

Balance Sheet

	Du Pont	Dow	PPG
Cash & MS	$5,763	$220	$108
Receivables, net	3,903	5,098	1,416
Inventories	4,215	4,440	904
Total Current Assets	14,801	10,308	2,703
Fixed Assets, net	13,287	13,579	2,752
Total Assets	40,319	35,515	8,452
Total Current Liabilities	8,067	8,125	1,955
Total Liabilities	25,867	25,522	5,372
Total Equity	14,452	9,993	3,080

Additional Inforamtion for prior year (20yy)

	DuPont	Dow	PPG
Inventory	$4,658	$3,463	$1,121
Receivables, net	4,552	5,385	1,563
Working Capital	2,401	1,387	550
Fixed Assets, net	13,287	13,579	2,752
Total Assets	39,426	27,645	9,125
Total Equity	13,299	9,686	3,097

Complete these tables using common-size analysis for Du Pont: (Use Dow and PPG results as a guide)

Common - Size Income Statement

	Du Pont	Dow	PPG
Revenues		100.00%	100.00%
COGS		79.18%	62.88%
Gross Profit		20.82%	37.12%
SG&A Expenses		10.10%	21.59%
Net Income		-1.38%	4.74%

Common Size Balance Sheet

	Du Pont	Dow	PPG
Cash & MS		0.62%	1.28%
Receivables, net		14.35%	16.75%
Inventories		12.50%	10.70%
Total Current Assets		29.02%	31.98%
Fixed Assets, net		38.23%	32.56%
Total Assets		100.00%	100.00%
Total Current Liabilities		22.88%	23.13%
Total Liabilities		71.86%	63.56%
Total Equity		28.14%	36.44%