I NEED HELP FINDING THE COMMON EQUITY PERCENTAGE FOR YEAR 2010 ON THE BALANCE SHEET. NEED TO KNOW HOW TO CALCULATE IT AND SEE THE FORMULA. (THE PERCENTAGE BOX NEXT TO THE 20.15%)

Questions 1. Following are Cranston's common site income Matements and balance sheets for 2009 and 2008. Prepare common-site statements for 2010 2. Complete the 2010 table of financial ratios for Cranston. Income Statements 2010 Sales 2009 1000046 2008 100.00% 67.29% 32.75% 67.8396 32.17% 14.9396 Cost of goods sold Gross profit Selling, general, and administrative expenses Depreciation EBIT Interest expense (net of interest income) Earnings before taxes Taxes 7.1896 10.06% 0.7796 14.71% 7.25% 10.80% 0.529 9.28% 2.79% 6.50% 10.28% 3.08% Net income 7.20% 2010 2009 2010 2009 2008 ASSETS Current assets 8.119 9.23% 10.73% 15.73% Cash and cash items 8.84% 7.63% 9.66% Accounts receivable 20.57% Balance Sheets 2008 LIABILITIES Current liabilities Accounts payable Accrued payables 9.38% Short term debt Total current 12.72% liabilities Long-term debt Other liabilities 15.42% (e.g., deferred taxes) Total liabilities 37.52% OWNERS' EQUITY Common equity 62.48% Total owners' equity TOTAL LIABILITIES AND OWNERS 35.69% 10.38% 25.40% 11.4996 Inventory 16.40% 5.84% 4.9396 51.01% 42.73% fotal current assets 45.8296 20.15% 21.50% Retford assets 54.18% 48.99% 57.27% TOTAL ASSETS 100.00% 100.0096 @canned by Cam Scanner00.00% Questions 1. Following are Cranston's common site income Matements and balance sheets for 2009 and 2008. Prepare common-site statements for 2010 2. Complete the 2010 table of financial ratios for Cranston. Income Statements 2010 Sales 2009 1000046 2008 100.00% 67.29% 32.75% 67.8396 32.17% 14.9396 Cost of goods sold Gross profit Selling, general, and administrative expenses Depreciation EBIT Interest expense (net of interest income) Earnings before taxes Taxes 7.1896 10.06% 0.7796 14.71% 7.25% 10.80% 0.529 9.28% 2.79% 6.50% 10.28% 3.08% Net income 7.20% 2010 2009 2010 2009 2008 ASSETS Current assets 8.119 9.23% 10.73% 15.73% Cash and cash items 8.84% 7.63% 9.66% Accounts receivable 20.57% Balance Sheets 2008 LIABILITIES Current liabilities Accounts payable Accrued payables 9.38% Short term debt Total current 12.72% liabilities Long-term debt Other liabilities 15.42% (e.g., deferred taxes) Total liabilities 37.52% OWNERS' EQUITY Common equity 62.48% Total owners' equity TOTAL LIABILITIES AND OWNERS 35.69% 10.38% 25.40% 11.4996 Inventory 16.40% 5.84% 4.9396 51.01% 42.73% fotal current assets 45.8296 20.15% 21.50% Retford assets 54.18% 48.99% 57.27% TOTAL ASSETS 100.00% 100.0096 @canned by Cam Scanner00.00%