Question
Required: 1. Prepare a vertical analysis of the balance sheet data for 2025 and 2024. Express each amount as a percentage of total assets.
Required: 1. Prepare a vertical analysis of the balance sheet data for 2025 and 2024. Express each amount as a percentage of total assets. (Amounts to be deducted should be indicated by a minus sign. Round your answers to 1 decimal place.) FEDERER SPORTS APPAREL Balance Sheet December 31 2025 Amount % 2024 Amount % Assets Cash Accounts receivable Inventory Buildings Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable $ 2,370,000 1,215,000 4,275,000 8,460,000 (1,320,000) $ 15,000,000 14.7 $ 948,000 972,000 2,280,000 8,460,000 (660,000) $ 12,000,000 1,500,000 Contingent liability Common stock 1,725,000 1,470,000 6,000,000 Retained earnings Total liabilities and stockholders' equity 5,805,000 $ 15,000,000 1,010,000 6,000,000 3,490,000 $ 12,000,000
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