Selected comparative financial statement of Astalon Company follow. ASTALON COMPANY Comparative Income Statements For years Ended December 31, 2010,2009, and 2008 2010 2009 2008 Sales....................$526,304 $403,192 $279,800 Cost of goods sold.... 316,835 255,624 179,072 ________ _______ _______ Gross profit........ 209,469 147,568 100,728 Selling expenses....... 74,735 55,640 36,934 Administrative expenses... 47,367 35,481 23,223 _______ ______ ________ Total expenses.......... 122,102 91,121 60,157 _______ ______ ________ Income before taxes....... 87,367 56,447 40,571 Income taxes........ 16,250 11,572 8,236 ______ ______ _______ Net Income....... $71,117 $44,875 $32,335 ________________________________________________________ ASTALON COMPANY Comparative Balance Sheets December 31, 2010,2009, and 2008 2010 2009 2008 Assets Current assets..... $48,242 $38,514 $51,484 Long-term investment.. 0 800 3,620 Plant assets,net...... 92,405 97,259 58,047 ______ ______ ______ Total assets....... $140,647 $136,573 $113,151 _______ _______ ________ Liabilities and Equity Current liabilities..... $ 20,534 $ 20,349 $19,801 Common Stock....... 69,000 69,000 51,000 Other paid-in capital.... 8,625 8,625 5,667 Retained earning........ 42,488 38,599 36,683 ______ ______ _______ Totalliabilitiesand equity.$140,647 $136,573 $113,151 _______ ________ ________ Required 1.Compute each year's current ration.(Round ratio amounts to one decimal) 2. Express the income statement data in common-size percents.(Round percents to two decimals.) 3. Express the balance sheet data in trend percents with 2008 as the base year.(Round percents to two decimals.) Please complete attachment, Thank you

Problem 17-1A Part 1 Current Ratio: December 31, 2010 = December 31, 2009 = December 31, 2008 = Part 2 ASTALON COMPANY Common Size Comparative Income Statements For Years Ended December 31, 2010, 2009, and 2008 2010 Sales 2009 2008 100.00% 100.00% 100.00% Cost of Goods Sold 0.00 0.00 0.00 Gross Profit 0.00 0.00 0.00 Selling Expenses 0.00 0.00 0.00 Administrative Expenses 0.00 0.00 0.00 Total Expenses 0.00 0.00 0.00 Income before taxes 0.00 0.00 0.00 Income Taxes 0.00 0.00 0.00 0.00% 0.00% 0.00% Net Income