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Prepare a vertical analysis of Fantasy Football's 2024 and 2023 balance sheets. Express each amount as a percentage of total assets for that year. (Amounts

Prepare a vertical analysis of Fantasy Football's 2024 and 2023 balance sheets. Express each amount as a percentage of total assets for that year.(Amounts to be deducted should be indicated by a minus sign. Round your percentage answers to 1 decimal place.) 

 
Balance Sheets
31-Dec
2024 2023
amount % amount %
assets
current assets:
cash $204,000 $304,500
accounts receivable 756,000 987,000
inventory 2.,188,000 1,193,500
supplies 180,000 119,000
long-term assets:
equipment 1,120,000 14-Jun
less: accumalted depreciation -448,000 -224,000
total assets 4,000,000 3,500,000
Liabilities and Stockholders Equity
Current Liablilities:
Accounts payable $124,000 $80,500
interest payable 0 $3,500
income tax payable 84,000 84,000
Long-term liabilities:
Notes payable 1,148,000 1,148,000
Stockholders equity:
common stock 763,000 763,000
retained earnings 1,881,000 1,421,000
Total liabilities and stockholders equity 4,000,000 3,500,000

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