# Selected comparative financial statement information of Bluegrass Corporation follows. Required 1. Compute each years current ratio. (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 2012 as the base year. (Round percents to two decimals.) Analysis Component 4. Comment

Selected comparative financial statement information of Bluegrass Corporation follows.

Required

1. Compute each yearâ€™s current ratio. (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 2012 as the base year. (Round percents to two decimals.)

Analysis Component

4. Comment on any significant relations revealed by the ratios and percentscomputed.

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**Related Book For**

## Fundamental accounting principle

21st edition

**Authors:** John J. Wild, Ken W. Shaw, Barbara Chiappetta

**ISBN:** 978-0078025587