Question: prepare a common size balance sheet for the current years balance sheet and a common size income statement for the current year's income statement millions

prepare a common size balance sheet for the current years balance sheet and a common size income statement for the current year's income statement
prepare a common size balance sheet for the current years balance sheet
and a common size income statement for the current year's income statement

millions current year last year 4451 Partial Grocery Market Consolidated Balance Sheet Assets Current assets Cash and cash equivalents Receivables net of allowances Inventories Prepaid expenses Other current assets Total current assets $519 218 500 108 199 1.544 $852 198 441 97 168 12756 3,163 63 144 2,923 120 132 789 24 3.988 789 38 4.197 $5,741 $5.744 Long term assets Property, Plant and Equipment (net) Investments Deferred income taxes Intangible assets Other long term assets Total long term assets Total assets Liabilities Current liabilities Current portion of long term debt Accounts payable Accrued liabilities Other current liabilities Total current liabilities Long term liabilities Long term notes payable Other long term debt Other long term liabilities Total long term liabilities Total liabilities Stockholders' equity Common stock Other equity inc treasury stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 3 295 436 518 1252 2 276 379 600 1.257 62 587 Z1 220 60 548 66 674 $1,972 $1,931 2.904 (1.152) 2017 3.769 2,863 (718) 1668 3.813 $5.741 $5.744 4451 Partial Grocery Market millions Retained earnings statement Retained earnings, 1/1 Add net income Less dividends paid Retained earnings 12/31 $1,668 536 187 $2.017 Consolidated income statement Net sales Less cost of goods sold (without depreciation) Gross margin Selling expenses General and administrative expenses Research and development expenses Other operating expenses Depreciation Operating income Interest income Other income (loss) Income before interest and taxes (EBIT) Interest expense Income before taxes Income tax expense (refund) Net income millions $15,389 9.973 5,416 0 4,033 0 16 439 928 0 17 945 67 878 342 $536

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