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1 Required information [ The following information applies to the questions displayed below ] The balance sheets for Federer Sports Apparel for 2 0 2
Required information
The following information applies to the questions displayed below
The balance sheets for Federer Sports Apparel for and are presented below.
Required:
Prepare a vertical analysis of the balance sheet data for and Express each amount as a percentage of total assets. Amounts to be deducted should be indicated by a minus sign. Round your answers to decimal place.
tableFEDERER SPORTS APPARELBalance Sheet,December Amount,Amount,AssetsCash$Accounts receivable,InventoryBulldingsLess: Accumulated depreciation,Total assets,$s tableTotal assetsLiabilities and Stockholders' EquityAccounts payable,$$Contingent liability,Common stock,Retained earnings,Total liabilities and stockholders' equity,$$
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