Using the data from the previous problem:

Data from previous 1.

Using the data presented below: 

a. Create a common-size income statement for 2019 and 2020. This statement should be created on a separate worksheet with all formulas linked directly to the income statement.

b. Create a common-size balance sheet for 2019 and 2020. This statement should be created on a separate worksheet with all formulas linked directly to the balance sheet.

c. Create a common-size statement of cash flows for 2020 that can be switched between using sales and the 2019 cash balance in the denominator.

Sales Cost of Goods Gross Profit Big Rock Candy Mountain Mining Co. Income Statements For the Years 2019 and 2020 2020 Depreciation Selling & Admin. Expense Other Operating Expense Net Operating Income Interest Expense Earnings Before Taxes Taxes Net Income Notes: Tax Rate Shares Earnings per Share $412,500 318,786 93,714 29,800 26,250 1,210 36,454 8,582 27,872 6,968 20,904 71 25.00% 52,100 $0.40 2019 $398,600 315,300 83,300 29,652 24,550 1,245 27,853 8,457 19,396 4,849 14,547 25.00% 52,100 $0.28