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Assignment i Savel [The following information applies to the questions displayed below] The balance sheets for Fantasy Football for 2021 and 2020 are provided
Assignment i Savel [The following information applies to the questions displayed below] The balance sheets for Fantasy Football for 2021 and 2020 are provided below. Required: 1. Prepare a vertical analysis of Fantasy Football's 2021 and 2020 balance sheets, Express each amount as a percentage of total assets for that year. (Amounts to be deducted should be indicated by a minus sign. Round your percentage answers to 1 decimal. place.) Assets Current assets FANTASY FOOTBALL Balance Sheets December 31 2021 2020 Amount %6 Amount Cash $ 92,400 $ 177,600 Accounts receivable 571,200 640,800 Inventory 1,545,000 800,400 Suppl 86,800 52.800 Long-term assets Equipment 772,800 Less Accumulated depreciation Total assets Liabilities and Stockholders' Equity Curentabilte Accounts payable interest payable Income tax payable Long-In labies 2 @ #3 0 W E S $ 94 772.800 (268,000) 2,800,000 (134,400) $2.400.000 S 86.800 0 67.200 Pray 12 $ 76,800 2,400 67,200 MacBook Pro G Search or type URL % 95 96 Next > & 7 8 R T Y U D F G H 61 1 * O J K L P
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