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feedback. Prepare a vertical analysis of the balance sheet. Round percentages to one decimal place. Percentages may not add due to rounding. Question not attempted.

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feedback. Prepare a vertical analysis of the balance sheet. Round percentages to one decimal place. Percentages may not add due to rounding. Question not attempted. Score: 0/102 Johnson Stores, Inc. Comparative Balance Sheet December 31, 20-2 and 20-1 1 20-2 20-2 20-1 20-1 2 Amount Percent Amount Percent 3 Assets 4 Current assets: $30,275.00 42,441.00 49,460.00 7,119.00 $129,295.00 $15,604.00 33,565.00 34,636.00 6,403.00 $90,208.00 5 Cash 6 Receivables (net) 7 Merchandise inventory 8 Supplies and prepayments 9 Total current assets 10 Property, plant, and equipment: 11 Office equipment (net) 12 Factory equipment (net) 13 Total property, plant, and equipment 14 Total assets 15 Liabilities $9,025.00 72,090.00 $81,115.00 $210,410.00 $6,062.00 52,930.00 $58,992.00 $149,200.00 16 Current liabilities $8,000.00 $4,000.00 30,233.00 6,250.00 $40,483.00 14,821.00 7,600.00 $30,421.00 17 Notes payable 18 Accounts payable 19 Accrued and withheld payroll taxes 20 Total current liabilities 21 Stockholders' Equity 22 Common stock ($10 par) 23 Retained earnings 24 Total stockholders'equity 25 Total liabilities and stockholders' equity $75,000.00 94,927.00 $169,927.00 $210,410.00 $63,000.00 55,779.00 $118,779.00 $149,200.00

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