Common Size Statements

$1.$ Common Size Statements $($vertical$)$

Refer to the AAA Inc. comparative balance sheets and income statements below.

For all three years $(2023,2022,2021)$ restate the balance sheet and income statement in common size $($vertical$)$ form.

all assets as a percentage of total assets

all liabilities and equities as a percentage of total liabilities and equity

all items on the income statement as a percentage of sales

$2.$ Common Size Statements $($horizontal$)$

Refer to the AAA Inc. comparative balance sheets and income statements below.

For all three years $(2023,2022,2021)$ restate the balance sheets and income statements in common size $($horizontal$)$ form.

everything as a percentage of its counterpart in $2023$

AAA Incorporated

Comparative Balance Sheet

Assets $202320222021$

cash $1400072829000$

s$-$t investments $716322000048600$

accts receivable $878000632160351200$

inventories $17164801287360715200$

total current assets $268011219468021124000$

gross fixed assets $11971601202950491000$

accumulated depreciation $380120263160146200$

net fixed assets $817040939790344800$

total assets $349715228865921468800$

Liabilities and Equity

accounts payable $236800324000145600$

notes payable $600000720000200000$

accruals $203360284960136000$

total current liab $10401601328960481600$

long$-$term debt $5000001000000323432$

common stock $1500006000060000$

paid$-$in capital $1510776400000400000$

retained earnings $29621697632203768$

total common equity $1956992557632663768$

total liabilities & equity $349715228865921468800$

Income Statement

$202320222021$

sales $703560058344003432000$

cost of goods sold $572800049800002864000$

other expenses $680000720000340000$

depreciation expense $11696011696018900$

EBIT $51064017440209100$

interest expense $8800017600062500$

EBT $422640-158560146600$

taxes $(40\%)169056-6342458640$

NI $253584-9513687960$

cash dividends paid $550001100022000$