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)
201620172018
Assets
Current assets
Cash$630$645$968
Accounts receivable1,0659301,395
Inventory1,5219841,476
Total3,2162,5593,839
Fixed assets
Net plant and equipment18,25519,58122,000
Total assets21,47122,14025,839
Liabilities and Owners’ Equity
Current liabilities
Accounts payable5608941,378
Notes payable5,1504,2815,500
Total5,7105,1756,878
Long-term debt5,9616,9248,800
Owners’ equity
Common stock and paid-in surplus$3,000$3,000$3,000
Retained earnings6,8007,0417,161
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)
201620172018
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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