Reference no: EM131294391
Bluegrass Corporation
Balance Sheet
December 31, 2016
Assets 2016 2015 2014
Current Assets 54,860 32,660 36,300
Long-Term Investments 0 1,700 10,600
Plant Assets, net 112,810 113,660 79,000
Total Assets 167,670 148,020 125,900
Liabilities and Equity
Current Liabilities 22,370 19,180 16,500
Common Stock 46,500 46,500 37,000
Other paid in capital 13,850 13,850 11,300
Retained Earnings 84,950 68,490 61,100
Total Liabilities + Equity 167,670 148,020 125,900
Bluegrass Corporation
Income Statement
December 31, 2016
Assets 2016 2015 2014
Sales 198,800 166,000 143,800
Cost of Goods Sold 108,890 86,175 66,200
Gross Profit 89,910 79,825 77,600
Selling Expenses 22,680 19790 18,000
Admin Expenses 16,760 14,610 15,700
Total expenses 39,440 34,400 33,700
Income Before Taxes 50,470 45,425 43,900
Income taxes 6,050 5,910 5,300
Net Income 44,420 39,515 38,600
Task:
1) Express the income statement data in common-size percents
2) Express the balance sheet trend percents with 2012 as the base year (round percents to two decimals)
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