I cannot find the common size of income statement and balance sheet for modine manufacturing company.?

Answer 1

I'm not 100% sure what you are asking, but I think you are asking where to find "common sized" financial statements for Modine Manufacturing. Modine (or most every company, for that matter) does not publish common sized income statements and balance sheets. They must be converted from the statutory financial statements.

Common size conversion takes the actual financials and converting the dollar amounts into percentage points amounts. For example, the asset balance will be 100 and the combined liability and owners equity balance will be 100. So if there are $75m in liabilities and $125m in owners equity, the liabilities turn into 37.5 and the owners equity turns into 67.5 (simply by converting into percentage points).

The income statement is rescaled also as a percentage of revenues. One should note that neither the balance sheet and income statement are comparable to each other and comparisons from year-to-year are not comparable due to disparate denominators.

This analysis is used to find out, as a percent, where money is coming from and where it is going. It is more like a ratio analysis.