prepare a common size income statements for 2018 2019 2020 and common sized balance sheets for 2019 and 2020

Question 4 of 4 4.92/19 Koester, Inc., states in its 2020 10-K filing with the SEC. "In October 2020, two major credit rating agencies changed Koester's long- term credit rating outlook to negative and one of the credit rating agencies reduced Koester's short-term credit rating" Koester's financial statements (in $000) follow. Koester, Inc. Comparative Income Statement For the Year Ended December 31 2020 2019 2018 Sales revenue $5,179,016 $5,102.786 $4.960,100 2.806,148 2,692,061 2.530,617 2,372,868 2,410,725 2,429,483 1,708,339 1,679,908 1,643,773 664,529 Cost of goods sold Gross profit Operating expenses Operating income Interest expense, net Other non-operating (income), net Income before income tax Income tax expense 730,817 785.710 42.279 58,081 61.611 (29.799) (23,518) (16.755) 652,049 696,254 740,854 235,030 123.531 203.222 Net income $417,019 $572,723 $537.632 Koester, Inc. Comparative Balance Sheet Koester, inc. Comparative Balance Sheet As of December 31 Assets 2020 2019 Cash $997,734 $1,156,835 Accounts receivable (net) 760,643 759,033 Inventory 376,897 418,633 Prepaid expenses and other current assets 277,226 302,649 Total current assets 2,412,500 2,637,150 547,104 Property, plant, & equipment (net) Other assets 586,526 1,412,709 1,532,816 Total Assets $4,372,313 $4,756,492 Liabilities and Stockholders' Equity Short-term borrowings $117.994 $28,995 Current portion of long-term debt 100,000 189.130 Accounts payable Accrued expenses 265,936 349.159 796,473 880,038 Income taxes payable 182,782 279,849 Total current liabilities 1,463,185 1,727,171 Long-term debt 525,000 400.000 Total current liabilities 1,463,185 1,727,171 Long-term debt 525,000 400,000 Other 282,395 243,509 807,395 643,509 Total noncurrent liabilities Stockholders' Equity Common stock, $1.00 par value 441,369 441,369 Additional paid-in capital 1,589,281 1,594,332 Treasury stock (935,711) (473,349) Retained earnings 1,006,794 823,460 2,101,733 2,385,812 Total stockholders' equity Total Liabilities and Stockholders' Equity $4,372,313 $4,756,492 Prepare common-size income statements for 2018, 2019, and 2020 and common-size balance sheets for 2019 and 2020. (Round percentage answers to 2 decimal places, eg. 52.70. List Assets in order of liquidity. Do not leave any answer field blank. Enter o for amounts. Enter negative amounts using either a negative sign preceding the number, eg.-45.) come Statement 2020 2019 2018 Sales revenue % % Cost of goods sold % % % Gross proht % % Operating expenses % 22 % Operating income % 96 Interest expense.net % % Other non-operating (income), net % % Operating income % % Income tax expense %6 % Net Income % % Assets 2020 2019 Cash % % % Accounts receivable net % Inventory % % Prepaid expenses % % Total current assets % % % Property & equipment (net) % 96 Other assets % % % Total assets % % Liabilities & Stockholders' Equity Short-term borrowings % %6 Current portion of long-term debt % % Accounts payable % % % Current portion of long-term debtv % Accounts payable % Accrued expenses % % % Income taxes payable % Total current liabilities % %6 Long-term debt % % Other % % os Total noncurrent liabilities % % Stockholders' Equity Common stock. $1.00 par value % % Additional paid in capital % 96 Treasury stock 96 96 Retained earnings % %6 Totatovholdere Stockholders' Equity Common stock, $1.00 par value % Additional paid-in capital % % Treasury stock % % % Retained earnings % % Total stockholder's equity % % Total liabilities & stockholders' equity % e Textbook and Media Save for Later Attempts: unlimited Submit