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Required: 1. Prepare a vertical analysis of the balance sheet data for 2022 and 2021. Express each amount as a percentage of total assets.
Required: 1. Prepare a vertical analysis of the balance sheet data for 2022 and 2021. 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 Assets Cash Accounts receivable Inventory Buildings Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity 2022 2021 Amount % Amount % $ 2,220,000 1,530,000 3,675,000 9,525,000 $1,000,000 1,200,000 1,750,000 9.525,000 (1.950,000) (975,000) $ 15,000,000 $ 12,500,000 $ 1,500,000 990.000 6,900,000 $ 1,200,000 6,900,000 Accounts payable Contingent liability Common stock Retained earnings 5.610,000 Total liabilities and stockholders' equity i $ 15,000,000 4,400.000 $12.500.000
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