Provide a brief summary of what you found in the vertical analysis. For example, comment on what the %s tell you about the company. You don't have to do every item. Simply pick out some of the higher and lower %s that you feel are most important (telling) about the company. Your comments should include the balance sheet and the income statement.

Module?-Assignment2-Written Accounting Case VerticalANalysis-Tyler Fitzpatrick ALLENDALE COMPANY Balance Sheets As of December 31 Year 4 Vertical Year 4 Analysis Year 3 Year 3 vertical Analysis $ 40,000.00 6.67% $ 36,000.00 7% 20,000 3.33% 6,000 Assets Currentassets Cash Marketable securities Accounts receivable (net) Inventories Prepaid items Total current assets Investments 9% 54,000 135,000 25,000 9.00% 22.50% 4.17% 46,000 143,000 10,000 26% 2% 45% 274,000 27,000 45.67% 4.50% 241,000 20,000 47% Plant(net) Land 270,000 29,000 45.00% 4,83% 255,000 24,000 $600,000.00 100.00% $540,000.00 100% Total assets Liabilities and Stockholders Equity 0.00% Liabilities 0.00% Current liabilities 0.00% $ 17,000.00 2.83% $ 6,000.00 113,800 18.97% 100,000 19% Notes payable Accounts payable Salaries payable Total current liabilities 21,000 3.50% 15,000 151,800 121,000 22% 25.30% Add footer Module? - Assignment2-Written Accounting Case VerticalANalysis-Tyler Fitzpatrick ON Noncurrent llabilities Bonds payable Other 100,000 32.000 0.00% 16.67% 5.33% 100,000 27,000 19% 5% 132,000 283,800 22.00% 47 30% 127.000 248,000 24% 46% 0.00% 80,000 13.33% 80,000 15% Total noncurrent labilities Total liabilities Stockholders' equity Preferred stock, (par value $10 4% cumulative, non- participating; 8,000 shares authorized and issued) Common stock (no par;50,000 shares authorized 10,000 shares issued) Retained earnings Total stockholders equity Total liabilities and stockholders' equity 80,000 13.33% 80,000 15% 156,200 26.03% 132,000 24% 316200 52.70% 292,000 54% $ 600,000.00 100.00% $540,000.00 100% ALLENDALE COMPANY Statements of Income and Retained Earnings For the Years Ended December 31 2019 2018 Revenues Sales (net) $230,000.00 96.64% $210,000.00 97.67% Other revenues 8,000 3.36% 5,000 2.33% 238,000 100.00% 0.00% 120,000 50.42% 215,000 100.00% 0.00% 103,000 47.91% Total revenues Expenses Cost of goods sold Selling, general, and administrative Interest expense Income tax expense Total expenses Net earnings (net income) 55,000 23.11% 8,000 3.36% 50,000 7,200 23.26% 3.35% 23,000 206,000 9.66% 86.55% 22,000 182,200 10.23% 84.74% 32,000 13.45% 32,800 15.26% 132,000 55.46% 107,000 49.77% 3,200 1.34% Retained earnings, January 1 Less: Preferred stock dividends Common stock dividends Retained earnings, December 31 3,200 1.49% 2.14% 4,600 1.93% 4,600 $156,200.00 65.63% $ 132,000.00 61.40%