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Help!!!!! 2. PREPAREA COMMON SIZE INCOME STATEMENT 12/31/20 % SALES REVENUES COST OF GOODS SOLD GROSS PROFIT OPERATING EXPENSES OPERATING INCOME INTEREST EXPENSE INCOME BEFORE
Help!!!!! 2. PREPAREA COMMON SIZE INCOME STATEMENT 12/31/20 % SALES REVENUES COST OF GOODS SOLD GROSS PROFIT OPERATING EXPENSES OPERATING INCOME INTEREST EXPENSE INCOME BEFORE TAX INCOME TAX NET INCOME 2650 1225 1425 750 675 67 60B 304 304 7 1. PREPARE A HORIZONTAL BALANCE SHEET 8 9 123/31/20 12/31/19 $ CHANGE XCHANGE 10 CURRENT ASSETS 11 CASH SO 45 5 11.11 12 SHORT TERM INVEST 150 140 10 7.14 13 ACCTS. RECEIVABLES 450 510 -60 (11.76 14 INVENTORIES 510 520 -10 (1.921 15 PREPAID ASSETS 10 12 -2 (16.67 16 TOTAL CURRASSETS 1170 1227 -57 14.65) 17 LONG TERM ASSETS 0 DIV/01 18 MACHINERY 360 350 10 2.86 19 LAND 1180 1180 0 20 BUILDING 4500 4600 -100 (2.17) 21 PATENTS 230 250 -20 (8.00) 22 TOTAL LONG TERM 6270 6380 -110 (1.72) 23 TOTAL ASSETS 7440 7607 -167 (2.20) 24 0 #DIV/01 25 CURRENT LIABILITIES 0 HIV/01 26 ACC. PAY 360 375 (4.00) 27 WAGES PAY 65 74 (12.16 28 TOTAL CURRENT 425 449 -24 15.35) 29 LONG TERM DEBT 2300 2350 -50 (2.13) 30 TOTAL LIABILITIES 2725 2799 -74 12,64) 31 STOCKHLD'S EQUITY 0 WOIV/01 32 COMMON STOCK 3000 3000 0 33 RETAINED EARNINGS 1715 1808 93 (5.14) 34 TOTAL ST. EQUITY 4715 4808 93 (1.93) 35 TOTAL LIAB-ST. EQ 7440 7607 - (2.20) 36
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