Common Size Balance Sheet Prepare a spreadsheet with common size balance sheets for the...

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Accounting

Common Size Balance Sheet

Prepare a spreadsheet with common size balance sheets for the years ended November 30, 2017 and 2018. For 2018, each line item should be shown as a percentage of total assets on November 30, 2018. Likewise, for 2017, each item should be shown as a percentage of total assets on November 30, 2017. In your calculations, round each percentage to three digits. For example if cash as a percentage of total assets is .054029834, your answer should be shown as 5.4%. These numbers on the financial statements are rounded to the nearest million, so it is a bit silly to show calculations with more precision than the underlying data.

Carnival Corporation & PLC Consolidated Statements of Income - USD ($) 12 Months Ended
Nov. 30, 2018 Nov. 30, 2017
Revenues
Revenues $ 18,881 $ 17,510
Cruise
Selling and administrative 2,450 2,265
Depreciation and amortization 2,017 1,846
Goodwill and trademark impairment 0 89
Operating costs and expenses 15,556 14,701
Operating Income 3,325 2,809
Nonoperating Income (Expense)
Interest income 14 9
Interest expense, net of capitalized interest (194) (198)
Gains (losses) on fuel derivatives, net 59 35
Other income, net 3 11
Nonoperating Income (Expense) (118) (143)
Income Before Income Taxes 3,207 2,666
Income Tax Expense, Net (54) (60)
Net Income $ 3,152 $ 2,606
Earnings Per Share
Basic (USD per share) $ 4.45 $ 3.61
Diluted (USD per share) 4.44 3.59
Dividends Declared Per Share (USD per share) $ 1.95 $ 1.60

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