9) Create a common size statement for the financial statements below. (6 Marks)

9) Create a (xrnmon size statement for the financial statements below. (6 Marks) Michelle Corporation Statement of Financial positions as of December 31, 2016. 2017 and 2018 (in millions Of dollars) Assets Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings Total Total liabilities and owners' equity 2016 S630 1,065 1,521 3,216 18,255 21,471 560 5,150 5,710 5,961 6,800 $9,800 $21,471 2017 930 984 2,559 19,581 22,140 894 4,281 5.175 6,92 S3,ooo 7,041 SIO,041 $22,140 2018 1 ,395 1,476 3,839 22,000 25,839 1 ,378 5,500 6.878 8,800 S3.ooo 7.161 SID, 161 $25,839