1)

2)

3)

Problem 3-18 Common-Size and Common-Base Year Financial Statements In addition to common-size financial statements, common-base year financial statements are often used. Common-base year financial statements are constructed by dividing the current year account value by the base year account value. Thus, the result shows the growth rate in the account. Construct the common-size balance sheet and common-base year balance sheet for the company. Use 2020 as the base year. (Do not round Intermedlate calculations. Enter your common-size answers as a percent and your common-base year answers as a times. Round your common-size answers to 2 decimal places, e.g., 32.16, and common-base year answers to 4 decimal places, e.g., 32.1616.) The Mikado Company has a ratio of long-term debt to long-term debt plus equity of 25 and a current ratio of 1.5 . Current liabilities are $900, sales are $6,230, profit margin is 81 percent, and ROE is 18.6 percent. What is the amount of the firm's net fixed assets? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 3216.) Kodi Company has a debt-equity ratio of .85 . Return on assets is 9.2 percent, and total equity is $745,000. o. What is the equity multiplier? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is the return on equity? (Do not round intermedlate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) c. What is the net Income? (Do not round Intermedlate calculations.)