1. Prepare a vertical analysis of the balance sheet data for 2016 and 2015. Express each amount as a percentage of total assets. (Amounts to be deducted should be indicated by a minus sign. Round your answers to 1 decimal place.)

Required:

1. Prepare a vertical analysis of the balance Weal data for 2016 and 2015. Express each amount as a percentage of total assets. (Amounts to b? deducted should be Indicated by a minus sign. Round your answers to 1 decimal place.)

Assets Cash FEDERER SPORTS APPAREL Balance Sheet December 31 $ $ Accounts receivable Inventory Buildings Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable $ Contingent liability $ Common stock $ Retained earnings $ Total liabilities and stockholders' equity $ $ $ Amount 2016 3,168,000 1,804,000 3,300,000 16,302,000 (2,574,000) $ 22,000,000 1,936,000 2,156,000 8,580,000 9,328,000 22,000,000 $ $ $ 819,000 1,443,000 2,223,000 $ 16,302,000 (1,287,000) 19,500,000 $ Amount $ $ $ $ $ 2015 2,496,000 0 8,580,000 8,424,000 19,500,000