Question: Create a common size statement for the financial statements below. Prince Corporation Statement of Financial Positions as of December 31, 2016, 2017 and 2018 (in
Create a common size statement for the financial statements below.
| Prince 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 |
Your answer here:
| Prince Corporation Common Size Statement of Financial Positions as of December 31, 2016, 2017 and 2018 (in millions of dollars) | |||
| 2016 | 2017 | 2018 | |
| 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 |
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For 2016 Current Assets Cash 630 3216 100 1961 Accounts Receivable 1065 3216 100 3315 Inventory 1521 ... View full answer
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