Prepare a vertical analysis of both the balance sheets and income statements for 2019 and 2018.

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).)

BAIRD COMPANY
Vertical Analysis of Balance Sheets
	2019			2018
	Amount	Percentage of Total		Amount	Percentage of Total
Assets
Current assets
Cash	$16,600		%	$13,800		%
Marketable securities	21,100			7,800
Accounts receivable (net)	55,800			47,600
Inventories	135,200			143,600
Prepaid items	25,700			11,900
Total current assets	254,400			224,700
Investments	27,400			20,200
Plant (net)	271,700			256,000
Land	30,400			24,600
Total long-term assets	329,500			300,800
Total assets	$583,900			$525,500
Liabilities and stockholders' equity
Liabilities
Current liabilities
Notes payable	$16,000			$4,200
Accounts payable	113,600			99,600
Salaries payable	19,900			13,400
Total current liabilities	149,500			117,200
Noncurrent liabilities
Bonds payable	98,800			98,800
Other	30,400			26,900
Total noncurrent liabilities	129,200			125,700
Total liabilities	278,700			242,900
Stockholders' equity
Preferred stock (par value $10, 4% cumulative, nonparticipating; 6,200 shares authorized and issued)	62,000			62,000
Common stock (no par; 50,000 shares authorized; 10,000 shares issued)	62,000			62,000
Retained earnings	181,200			158,600
Total stockholders' equity	305,200			282,600
Total liabilities & stockholders equity	$583,900		%	$525,500		%

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).)

BAIRD COMPANY
Vertical Analysis of Income Statements
	2019			2018
	Amount	Percentage of Sales		Amount	Percentage of Sales
Revenues
Sales (net)	$231,200		%	$211,000		%
Other revenues	8,200			5,300
Total revenues	239,400			216,300
Expenses
Cost of goods sold	119,300			102,300
Selling, general, and administrative expense	54,900			48,500
Interest expense	6,300			5,500
Income tax expense	22,500			21,500
Total expenses	203,000			177,800
Net income	$36,400		%	$38,500		%