Starkey Wilmott Limited has the following balance sheet at 31 March 20X3:

Fixed assets Current assets Stock Debtors Cash at bank Creditors: amounts falling due within one year Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year Capital and reserves Share capital Reserves e £

704 710 369 440 416 700 81 450 867 590

(390 900)

476 690 1 181 400

(200 000)

981 400 50 000 931 400 981 400 You are required to prepare vertical analysis statements of Starkey Wilmott’s balance sheet at 31 March 20X3 based upon (i) net assets = 100.0% and (ii)

fixed assets = 100.0%.