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    ivory5130's Avatar
    ivory5130 Posts: 55, Reputation: 1
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    #1

    Oct 8, 2007, 04:57 AM
    Common size percents-Income statement
    How can I calculate common size percents when dealing with a 3 year income statement? I think I understand the two because you are subtracting the difference and then doing the percentage but I don't understand how to do the three column.
    ferguric's Avatar
    ferguric Posts: 1, Reputation: 1
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    #2

    Nov 20, 2008, 05:15 PM

    The Book & Magazine Co. has inventory of $193,000, equity of $395,100, total assets of $578,800, and sales of $612,300. What is the common-size percentage for the inventory account?
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