Question: Can somone help me with the formulas for common - sized statements? I ' m having trouble with the income statements. I included the calculations
Can somone help me with the formulas for commonsized statements? Im having trouble with the income statements. I included the calculations that I got which has to be incorrect Can anyone tell me where I went wrong?
Details for consideration: Format the column to convert to Percentages displayed as a percent to one decimal point. Repeat the same process with Total Assets calculating the of each entry on the left side of the Balance Sheet. Then do the same on the right side of the Balance sheet using Liabilities Equity as the denominator. Now you can compare the two retailers and draw conclusions about the two retailers.
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