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A condensed balance sheet for Fly By Night Air and a partially completed vertical analysis are presented below. Required: 1. Complete the vertical analysis by
A condensed balance sheet for Fly By Night Air and a partially completed vertical analysis are presented below. Required: 1. Complete the vertical analysis by computing each missing line item as a percentage of total assets. 2-a. What percentage of Fly By Night's assets relate to inventory of parts and supplies? 2-b. What percentage of Fly By Night's assets relate to property and equipment? 2-c. Which of these two asset groups is more significant to Fly By Night's business? 3. What percentage of Fly By Night's assets is financed by total stockholders' equity? By total liabilities? Complete this question by entering your answers in the tabs below. Complete the vertical analysis by computing each missing line item as a percentage of total assets. (Round your answers to the nearest whole percent.)
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