Required: 1. Prepare a vertical analysis of the balance sheet data for 2022 and 2021. Express...
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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. (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 Accounts payable Contingent liability Common stock Retained earnings Total liabilities and stockholders' equity Amount 2022 96 $ 2,370,000 1,215,000 3,540,000 9,225,000 (1,350,000) $ 15,000,000 2021 Amount % $ 937,500 1,012,500 2,000,000 9,225,000 (675,000) $ 12,500,000 $ 1,725,000 $ 1,500,000 1,470,000 6,000,000 5,805,000 $ 15,000,000 6,000,000 5,000,000 $ 12,500,000 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 Accounts payable Contingent liability Common stock Retained earnings Total liabilities and stockholders' equity Amount 2022 96 $ 2,370,000 1,215,000 3,540,000 9,225,000 (1,350,000) $ 15,000,000 2021 Amount % $ 937,500 1,012,500 2,000,000 9,225,000 (675,000) $ 12,500,000 $ 1,725,000 $ 1,500,000 1,470,000 6,000,000 5,805,000 $ 15,000,000 6,000,000 5,000,000 $ 12,500,000
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