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

Answer rating: 100% (QA)

For 2016 Current Assets Cash 630 3216 100 1961 Accounts Receivable 1065 3216 100 3315 Inventory 1521 ... View the full answer