Use the financial statements below for problems 1 4. Balance Sheet

1. Construct a common-size income statement for 2021 and 2022. Comment on any of the changes in the composition of the income statement.
2. Construct a common-size balance sheet for 2021 and 2022. Comment on any changes in the percentages of assets and liabilities.
3. Compute the following using the data from 2022:
   1. Current ratio
   2. Quick ratio
   3. Net working capital
   4. Inventory turnover
   5. Receivables turnover
   6. Total asset turnover
   7. Debt/Equity ratio
   8. Net profit margin
   9. Return on assets
   10. Return on equity

4. Use the DuPont equation to decompose return on equity for 2022.

Balance Sheet