1. Prepare the common-size Income Statement and Balance Sheet for each company (vertical analysis). Format your common-size columns to Percent with two decimal places.

	Archer Inc.	Bayside Inc.	Citywide Ltd.
Assets
Current Assets
Cash	55,000	155,000	1,000,000
Net Accounts Receivable	28,000	105,000	630,000
Net Inventory	15,000	135,000	575,000
Short-term Investment	0	5,000	200,000
Total Current Assets	98,000	400,000	2,405,000
Fixed Assets
Fixed Assets	35,000	370,000	300,000
Accumulated Amortization	5,000	45,000	50,000
Net Fixed Assets	30,000	325,000	250,000
Intangible Assets
Goodwill	0	70,000	350,000
Accumulated Amortization	0	10,000	100,000
Net Goodwill	0	60,000	250,000
Total Assets	128,000	785,000	2,905,000
Liabilities and Shareholders' Equity
Current Liabilities
Accounts Payable	35,000	170,000	1,100,000
Accruals	5,000	30,000	75,000
Total Current Liabilities	40,000	200,000	1,175,000
Long-Term Liabilities
Loan Payable	15,000	234,000	250,000
Total Long-Term Liabilities	15,000	234,000	250,000
Total Liabilities	55,000	434,000	1,425,000
Shareholders' Equity
Beginning Balance	10,000	100,000	412,500
Prior Retained Earnings	48,825	131,960	647,500
Net Income	14,175	119,040	420,000
Ending Balance	73,000	351,000	1,480,000
Total Liabilities and Shareholders' Equity	128,000	785,000	2,905,000
# of Shares Outstanding	5,000	10,000	75,000
Price per Share	$ 2.00	$ 10.00	$ 5.50