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A condensed balance sheet for Finch Flyers and a partially completed vertical analysis are presented below. Required: Complete the vertical analysis by computing each missing
A condensed balance sheet for Finch Flyers and a partially completed vertical analysis are presented below. Required: Complete the vertical analysis by computing each missing line item as a percentage of total assets. a What percentage of Finch's assets relate to inventory of parts and supplies? b What percentage of Finch's assets relate to property and equipment? c Which of these two asset groups is more significant to Finch's business? What percentage of Finch's assets is financed by total stockholders' equity? By total liabilities? Complete this question by entering your answers in the tabs below. Req Complete the vertical analysis by computing each missing line item as a percentage of total assets. Round your answers to the nearest whole percent. tableFINCH FLYERSBalance Sheet summarizedDecember in millions of US dollarsCash$Current Liabilities,,ShortTerm Investments,,LongTerm Liabilities,,Accounts Receivable,,Total Liabilities,,Inventory of Parts and Supplies,,Common Stock,,Other Current Assets,,Retained Earnings,,tableProperty and Equipment, Net,,Treasury Stock,,Other Assets,,Total Stockholders' Equity,,Total Assets,$Total Liabilities & Stockholders' Equity,$
A condensed balance sheet for Finch Flyers and a partially completed vertical analysis are presented below.
Required:
Complete the vertical analysis by computing each missing line item as a percentage of total assets.
a What percentage of Finch's assets relate to inventory of parts and supplies?
b What percentage of Finch's assets relate to property and equipment?
c Which of these two asset groups is more significant to Finch's business?
What percentage of Finch's assets is financed by total stockholders' equity? By total liabilities?
Complete this question by entering your answers in the tabs below.
Req
Complete the vertical analysis by computing each missing line item as a percentage of total assets. Round your answers to the nearest whole percent.
tableFINCH FLYERSBalance Sheet summarizedDecember in millions of US dollarsCash$Current Liabilities,,ShortTerm Investments,,LongTerm Liabilities,,Accounts Receivable,,Total Liabilities,,Inventory of Parts and Supplies,,Common Stock,,Other Current Assets,,Retained Earnings,,tableProperty and Equipment, Net,,Treasury Stock,,Other Assets,,Total Stockholders' Equity,,Total Assets,$Total Liabilities & Stockholders' Equity,$
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