Check my work Required information The following information applies to the questions displayed below.) Part 1 of 2 The balance sheets for Federer Sports Apparel for 2022 and 2021 are presented below. points Required: 1. Prepare a vertical analysis of the balance sheet data for 2022 and 2021. Express each amount as a percentage of total assets. (Amounts to be deducted should be indicated by a minus sign. Round your answers to 1 decimal place.) eBook References FEDERER SPORTS APPAREL Balance Sheet December 31 2022 Amount 2021 Amount % Assets Cash Accounts receivable 2,310,000 1,305,000 4,005,000 8,580,000 840,000 1,044,000 2,136.000 8,580,000/ Inventory Buildings Check my Required information Part 1 of 2 FEDERER SPORTS APPAREL Balance Sheet December 31 2022 Amount 2021 Amount points Assets Cash $ eBook Hint 2,310,000 1,305,000 4,005,000 8,580,000 (1,200,000) 15,000,000 $ 840,000 1,044,000 2,136,000 8,580,000 (600,000) $ 12,000,000 References $ Accounts receivable Inventory Buildings Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Contingent liability Common stock Retained earnings Total liabilities and stockholders' equity $ 1,380,000 1,725,000 1,230,000 4,920,000 7,125,000 15,000,000 4,920,000 5,700,000 12,000,000 $ $ Check my work Required information The following information applies to the questions displayed below. Part 2 of 2 The balance sheets for Federer Sports Apparel for 2022 and 2021 are presented below. points 2. Prepare a horizontal analysis for 2022 using 2021 as the base year. (Decreases should be indicated by a minus sign. Round your percentage answers to 1 decimal place.) Book FEDERER SPORTS APPAREL Balance Sheet December 31 Year 2022 2021 Increase (Decrease) Amount % Check my work 2. Prepare a horizontal analysis for 2022 using 2021 as the base year. (Decreases should be indicated by a minus sign. Round your percentage answers to 1 decimal place.) Part 2 of 2 FEDERER SPORTS APPAREL Balance Sheet December 31 points Year Increase (Decrease) Amount 2022 2021 Book $ References 2,310,000 1,305,000 4,005,000 8,580,000 (1,200,000) 15,000,000 S 840,000 1,044,000 2,136,000 8,680,000 (000.000) $ 12,000,000 Accounts receivable Inventory Buildings Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Contingent liability Common stock Retained camnings Total liabilities and stockholders' equity $ 1,380,000 1.725,000 1 230,000 4.920,000 7.125,000 $ 15,000,000 4.920,000 5,700,000 $ 12,000,000
