Problem $3-18$ Common$-$Size and Common$-$Base Year Financial Statements

In addition to common$-$size financial statements, common$-$base year financial statements

are often used. Common$-$base year financial statements are constructed by dividing the

current year account value by the base year account value. Thus, the result shows the

growth rate in the account.

Construct the common$-$size balance sheet and common$-$base year balance sheet for the

company. Use $2020$ as the base year. $($Do not round intermediate calculations. Enter

your common$-$size answers as a percent and your common$-$base year answers as a

times. Round your common$-$size answers to $2$ decimal places, e$.$g$.,32\mathrm{.}16,$ and

common$-$base year answers to $4$ decimal places, e$.$g$.,32\mathrm{.}1616.)$