Requirement:

a. For Year 2021 & 2020, express the Balance Sheets in common-size percents. Round percents to one decimal. Do not put the percent when writing your answer. Refer to 2019 given data.

3. Case Problem.

Find below the financial statements of Moon Company.

Moon Company Balance Sheet in $
As of December 31	2021	2020	2019
Assets
Cash	31,800	35,625	37,800
Accounts receivable, net	89,500	62,500	50,200
Merchandise inventory	112,500	822,500	54,000
Prepaid expenses	10,700	9,375	5,000
Plant assets, net	278,500	255,000	230,500
Total assets	523,000	445,000	377,500
Liabilities and Equity
Accounts payable	129,900	75,250	51,250
Long-term notes payable	98,500	101,500	83,500
Common stock, $10 par value	163,500	163,500	163,500
Retained earnings	131,100	104,750	79,250
Total liabilities and equity	523,000	445,000	377,500

Moon Company

Income Statements

in $

For the Period Ended December 31	2021	2020
Sales	673,500	532,000
Cost of Goods sold	411,225	345,500
Other operating expenses	209,550	134,980
Interest expense	12,100	13,300
Income tax expenses	9,525	8,845
Total costs and expenses	642,400	502,625
Net Income	31,100	29,375
Other relevant data	2021	2020
Earnings per share	1.90	1.80
Common stock market price	$30	$28
Annual cash dividends per share	0.29	0.24