1. Foster Fabricators prepared the following balance sheet in preparing a loan application.
Prepare a common-size balance sheet for each fiscal year. (Round percentages to 1 decimal
place, e.3. 12.1%. Negative amounts should be indicated by a negative sign preceding the
number e.g. -45 or parentheses e.s.(45).)
Liabilities and Shareholders' Equity Current liabilities: Accounts payable %% Accrued payroll
and benefits Accrued liabilities Total current liabilities Deferred liabilities Other liabilities Total
liabilities Shareholders'equity: Common stock %% Additional paid-in capital % Retained
earnings %% Total shareholders'equity %% Total liabilities and shareholders' equity