Module 3 Question 2 Complete this question by entering your answers in the tabs below. Analysis Bal Sheet Analysis Inc Stmt Prepare a vertical analysis of the balance sheets for 2019 and 2018. (Percentages may not add exactly due to rounding. Round your answers to 2 decimal places. (i.e., .2345 should be entered as 23.45).) MUNOZ COMPANY Vertical Analysis of Balance Sheets 2019 Percentage of Amount Total Assets Current assets Cash Marketable securities Accounts receivable (net) Inventories Prepaid items Total current assets Investments Plant (net) Land Total long-term assets Total assets Liabilities and stockholders' equity Liabilities Current liabilities Notes payable Accounts payable Salaries payable Total current liabilities Noncurrent liabilities Bonds payable Other Total noncurrent liabilities $17,700 21,600 54,300 136,100 26,000 255,700 28,600 271,700 31,000 331,300 $587,000 % Amount $12,600 7,900 47,900 143,300 10,100 221,800 20,700 255,200 24,400 300,300 $522,100 $15,900 112,000 19,900 147,800 $5,000 99,800 14,500 119,300 98,700 31,700 130,400 98,700 25,400 124,100 2018 Percentage of Total % Total liabilities 278,200 243,400 Stockholders' equity Preferred stock (par value $10, 4% cumulative, nonparticipating; 6,000 shares 60,000 60,000 authorized and issued) Common stock (no par; 50,000 shares 60,000 60,000 authorized; 10,000 shares issued) Retained earnings 188,800 158,700 Total stockholders' equity 308,800 278,700 Total liabilities & stockholders' equity $587,000 % $522,100 Complete this question by entering your answers in the tabs below. Analysis Bal Sheet Analysis Inc Stmt Prepare a vertical analysis of an income statements for 2019 and 2018. (Percentages may not add exactly due to rounding. Round your answers to 2 decimal places. (i.e., .2345 should be entered as 23.45).) MUNOZ COMPANY Vertical Analysis of Income Statements 2019 Percentage of Amount Amount Sales Revenues Sales (net) Other revenues Total revenues Expenses Cost of goods sold Selling, general, and administrative expense Interest expense Income tax expense Total expenses Net income $231,200 8,600 239,800 % $210,900 6,600 217,500 118,700 101,400 54,100 50,000 8,000 21,500 202,300 $37,500 7,200 20,500 179,100 $38,400 Analysis Bal Sheet % 2018 Percentage of Sales % % %