Refer to the financial statement data for Hedrick Company given in Problem 16 14 Required For both this year and last year 1 Present the balance sheet in common size format 2 Present the income statement in common size format down through net income 3 Comment on the results of your analysis ...

1 Hedrick Company Comparative Balance Sheets This Year Last Year Current assets Cash 56 85 Marketabl ...

Refer to the financial statement data for Hedrick Company given in Problem 16-14. Required: For both this

Question:

Refer to the financial statement data for Hedrick Company given in Problem 16-14.
Required:
For both this year and last year:
1. Present the in common-size format.
2. Present the income statement in common-size format down through net income.
3. Comment on the results of your analysis.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...