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0 Required information [The following information applies to the questions displayed below.) The balance sheets for Federer Sports Apparel for 2022 and 2021 are presented
0 Required information [The following information applies to the questions displayed below.) The balance sheets for Federer Sports Apparel for 2022 and 2021 are presented below. Required: 1. Prepare a vertical analysis of the balance sheet data for 2022 and 2021. 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.) FEDERER SPORTS APPAREL Balance Sheet December 31 2022 2021 Amount Amount % Assets Cash 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 $ 896,000 1.232.000 2,032,000 13,024,000 (1,184,000) $ 16,000,000 $ 2,756,500 1.720,500 3,367,000 13,024,000 (2,368,000) $ 18,500,000 $ 1,792,000 $ 1,591,000 1,850.000 7,696,000 7,363,000 $ 18,500,000 7,696,000 6,512,000 $ 16,000,000
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