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Required information [The following information applies to the questions displayed below.) The balance sheets for Company A for Year 2 and Year 1 are presented

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Required information [The following information applies to the questions displayed below.) The balance sheets for Company A for Year 2 and Year 1 are presented below. Required: 1. Prepare a vertical analysis of the balance sheet data for Year 2 and Year 1. 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.) COMPANY A Balance Sheet December 31 Year 1 Year 2 Amount Amount 1220 5 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 $ 2,220,000 1,530,000 3,675,000 9,525.000 (1.950,000) $ 15,000,000 $ 1,000,000 1.200,000 1,750,000 9,525,000 (975,000) $ 12,500,000 $ 1,200,000 $ 1,500,000 990,000 6,900,000 5,610.000 $ 15,000,000 6.900.000 4,400,000 S. 12,500,000

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