complete a vertical analysis for both the balance sheet and income statement in the column provided to the right

I want to make sure I'm doing this right

Managerial Accounting ACC 122 Chapter 14 - Review Quiz Here are the financial statements for Puget Sound Boatworks Complete a vertical analysis (common size) (for this year only) for both the balance sheet and the income statement in the column provided to the right. Balance Sheet Assets Cash Accounts Receivable, net Inventory Prepaid Expenses Plant and Equipment, net Total Assets This Year Last Year 8,000 10,000 36,000 34.000 40,000 32,000 2,000 1000 214,000 173,000 300,000 250,000 Belease shach Last Crew) - Liabilities & Equities This Year Last Year Current Liabilities 40,000 30,000 Long-term Liabilities 60,000 40.000 Common Stock (S5 par) 60,000 60,000 Paid in capital in excess 20,000 20,000 Retained Earnings 120,000 100,000 Total Liabilities & 300,000 250,000 Equities Income Statement 100% June St This Year 450,000 270,000 180,000 129,000 51,000 6,000 4070 29.6% total sa Sales (all on account) Cost of Goods Sold Gross Margin Operating Expenses Net Operating Income Interest Expense Net Income Before Taxes Income Taxes (30%) Net Income 11. 2010 1.30' 10. 79 13,500 31,500 2010 Compute the following ratios for Puget Sound Boatworks for this year. (Round to one decimal place. For example, 1.22 round to 1.2, 0.89 round to 0.9) 1. Working Capital 2. Current Ratio 3. Acid-Test Ratio 4. Accounts Receivable Turnover