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Refer to the AAA Inc. comparative balance sheets and income statements below. For all three years (2021, 2020, 2019) restate the balance sheets and
Refer to the AAA Inc. comparative balance sheets and income statements below. For all three years (2021, 2020, 2019) restate the balance sheets and income statements in common size (horizontal) form. everything as a percentage of its counterpart in 2021 AAA Incorporated Comparative Balance Sheet Assets cash s-t investments accts receivable inventories total current assets gross fixed assets accumulated depreciation net fixed assets total assets Liabilities and Equity accounts payable notes payable accruals total current liab long-term debt common stock paid-in capital retained earnings total common equity total liabilities & equity 2021 2020 2019 14000 7282 9000 71632 20000 48600 878000 632160 351200 1716480 1287360 715200 2680112 1946802 1124000 1197160 1202950 491000 380120 263160 146200 817040 939790 344800 3497152 2886592 1468800 236800 324000 145600 600000 720000 200000 203360 284960 136000 1040160 1328960 481600 323432 500000 1000000 150000 60000 60000 1510776 400000 400000 97632 296216 203768 1956992 557632 663768 3497152 2886592 1468800 Income Statement sales cost of goods sold other expenses depreciation expense EBIT interest expense EBT taxes (40%) NI cash dividends paid 2021 2020 7035600 5834400 5834400 3432000 5728000 4980000 2864000 680000 720000 340000 116960 116960 18900 !!! 510640 17440 209100 88000 176000 62500 422640 -158560 146600 169056 -63424 58640 253584 -95136 11000 22000 55000 2019 87960
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