Question
Condensed data from the comparative statement of financial position (SFP) of Crane Inc. follow: 2020 2019 2018 Current assets $120,000 $80,000 $100,000 Non-current assets 408,000
Condensed data from the comparative statement of financial position (SFP) of Crane Inc. follow:
2020 2019 2018 Current assets $120,000 $80,000 $100,000 Non-current assets 408,000 342,000 296,000 Current liabilities 71,000 84,000 77,000 Non-current liabilities 175,000 119,000 146,000 Common shares 147,000 114,000 101,000 Retained earnings 135,000 105,000 72,000 Using vertical (common-size) analysis, calculate the various SFP categories as a percentage of total assets for Crane Inc. for each of 2018, 2019, and 2020. (Round answers to 1 decimal place, e.g. 52.1%.)
2020 2019 2018 Current assets % % % Non-current assets % % % Current liabilities % % % Non-current liabilities % % % Common shares % % % Retained earnings
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