Exercise: Evaluating a Firms Financial Performance The financial statements and industry norms are shown below for Bellmira, Inc. a.) Complete a common-sized income statement and a common-sized balance sheet for 2014 and 2015. b.) Complete a statement of cash-flows for 2015. c.) Compute the financial ratios for Bellmira for 2014 and for 2015 to compare both against the industry norms. d.) How liquid is the firm? e.) Are its managers generating an adequate operating profit on the firm's assets? f.) How is the firm financing its assets? g.) Are its managers generating a good return on equity? Bellmira, Inc. Income statement for years ending 12/31/2014 and 12/31/2015 - 15% of sales are cash sales, with the remaining 85% being credit sales Bellmira, Inc. Balance Sheet for years ending 12/31/2014 and 12/31/2015