Aa Aa E 5. Vertical analysis: balance sheet The comparative balance sheets for Parker Co. are shown. The use of common-sized financial statements, also known as vertical analysis, expresses all items as a percentage of a selected item on the statement. This allows comparisons between companies and comparisons between different periods for the same company. Perform a vertical analysis of Parker's abridged balance sheet. Round amounts to the nearest tenth of a percent (for example, 98.9% 99.0%) Parker Co. Comparative Balance Sheet December 31, 2013 and 2012 2012 2013 Amount Percent Amount Percent Assets Current assets $13,110 $12,800 Property, plant, and equipment (net) 7,200 7,200 Total assets $20,310 100.0% $20,000 100.0% Liabilities Current liabilities $10,860 $12,000 Long-term liabilities 2,000 2,000 $12,860 Total liabilities $14,000 Stockholders' Equity $4,000 $4,000 Common stock, $10 par 3,450 2,000 Retained earnings Total stockholders' equity 6,000 7,450 Total liabilities and stockholders' equity $20,310 100.0% $20,000 100.0%