The following information comes from the accounting records of Hercep Ltd. for the first three years of its existence

Prepare common size income statements. For 2014, use year-end values, not averages, for the assets in your calculations. (Round answers to 1 decimal place)

Calculate the following ratios for the company for the three years. (Round answers to 1 decimal place)

Calculate the following ratios for the company for the three years. For 2014, use year-end values, not averages, for the assets and equity in your calculations. (Round answers to 1 decimal place)

2014 2015 2016 Statement of Financial Position Assets Cash Accounts receivable Inventory Capital assets (net) Other assets $23,100 139,500 226,500 461,000 246,500 $21,400 $18,600 54,600 135,600 445,500 216,100 $874,400 $870,400 $1,096,600 70,400 103,900 454,500 224,200 Liabilities and equity Accounts payable Long-term debt Common shares Retained earnings 256,400 501,000 60,800 $874,400 $870,400 $1,096,600 $91,500 $52,200 193,700 501,000 $90,300 496,000 501,000 9,300 88,200 Statement of Earnings Sales $660,000 $800,000 $950,000 (409,200) (544,000) (674,500) (154,600) (224,600)(237,700) 37,800 (28,860) 9,420) (11,340) $26,460 Cost of goods solo Other expenses 96,200 31,400 Income tax Net income $67,340 $21,980