Home /
Expert Answers /
Accounting /
prepare-the-common-size-income-statement-and-balance-sheet-where-each-items-is-expressed-as-a-perc-pa969
(Solved): Prepare the common size income statement and balance sheet where each items is expressed as a perc ...
Prepare the common size income statement and balance sheet where each items is expressed as a percentage of total revenues (income statement) or total assets (balance sheet). (Vertical Analysis). (you must use an Excel spreadsheet with formulas).
Dollar amounts in millions.
Amounts in millions.
Expert Answer
The common size income statement of the given question is calculated as: 31 Dec'21 31 Dec'20 31 Dec'19 31 Dec'18 31 Dec'17 %age of TR of 31 Dec'21 %ag