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).)

CAMPBELL COMPANY
Vertical Analysis of Balance Sheets
	2019			2018
	Amount	Percentage of Total		Amount	Percentage of Total
Assets
Current assets
Cash	$18,000		%	$13,900		%
Marketable securities	20,200			6,300
Accounts receivable (net)	55,400			47,800
Inventories	135,800			144,700
Prepaid items	26,700			10,200
Total current assets	256,100			222,900
Investments	28,300			20,400
Plant (net)	271,600			256,300
Land	31,000			25,100
Total long-term assets	330,900			301,800
Total assets	$587,000			$524,700
Liabilities and stockholders' equity
Liabilities
Current liabilities
Notes payable	$15,900			$5,300
Accounts payable	112,200			99,600
Salaries payable	20,700			13,600
Total current liabilities	148,800			118,500
Noncurrent liabilities
Bonds payable	98,700			98,700
Other	30,800			25,300
Total noncurrent liabilities	129,500			124,000
Total liabilities	278,300			242,500
Stockholders' equity
Preferred stock (par value $10, 4% cumulative, nonparticipating; 7,800 shares authorized and issued)	78,000			78,000
Common stock (no par; 50,000 shares authorized; 10,000 shares issued)	78,000			78,000
Retained earnings	152,700			126,200
Total stockholders' equity	308,700			282,200
Total liabilities & stockholders equity	$587,000		%	$524,700		%

• 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).)

  CAMPBELL COMPANY
  Vertical Analysis of Income Statements
  	2019			2018
  	Amount	Percentage of Sales		Amount	Percentage of Sales
  Revenues
  Sales (net)	$230,700		%	$211,600		%
  Other revenues	8,000			6,400
  Total revenues	238,700			218,000
  Expenses
  Cost of goods sold	118,300			102,500
  Selling, general, and administrative expense	53,600			49,800
  Interest expense	7,600			6,800
  Income tax expense	21,600			20,600
  Total expenses	201,100			179,700
  Net income	$37,600		%	$38,300