Help ASAP

Part 2

Requirement #1

McDonough Products, Inc.

Common-Size Income Statement Compared to Industry Average

Year Ended December 31, 2010

McDonough Products

Industry Average

Net sales……………………………………………………

Cost of goods sold………………………………………..

Gross profit…………………………….…………………..

Operating expenses……………………………………….

Operating income………………………………………….

Other expenses…………………………………………….

Net income…………………………………………………

McDonough Products, Inc.

Common-Size Balance Sheet Compared to Industry Average

Year Ended December 31, 2010

McDonough Products

Industry Average

Current assets……………………………………………..

Fixed assets, net…………………………………………..

Intangible assets, net………………………………………

Other assets……………………………………………….

Total assets………………………………………………..

Current liabilities………………………….………………..

Long-term liabilities………………………………………..

Stockholders’ equity……………………………………….

Total liabilities and stockholders’ equity…………………

Requirement #2

Requirement #3