Create a common size statement for the financial statements below.

Michelle Corporation Statement of Financial Positions as of December 31, 2016, 2017 and 2018 (in millions of dollars)

2016

2017

2018

Assets

Current assets

Cash

$630

$645

$968

Accounts receivable

1,065

930

1,395

Inventory

1,521

984

1,476

Total

3,216

2,559

3,839

Fixed assets

Net plant and equipment

18,255

19,581

22,000

Total assets

21,471

22,140

25,839

Liabilities and Owners Equity

Current liabilities

Accounts payable

560

894

1,378

Notes payable

5,150

4,281

5,500

Total

5,710

5,175

6,878

Long-term debt

5,961

6,924

8,800

Owners equity

Common stock and paid-in surplus

$3,000

$3,000

$3,000

Retained earnings

6,800

7,041

7,161

Total

$9,800

$10,041

$10,161

Total liabilities and owners equity

$21,471

$22,140

$25,839