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Required Prepare a vertical analysis of both the balance sheets and income statements for Year 4 and Year 3. Complete this question by entering your
Required Prepare a vertical analysis of both the balance sheets and income statements for Year 4 and Year 3. Complete this question by entering your answers in the tabs below. Balance Sheet Income Statement Prepare a vertical analysis of the balance sheets for Year 4 and Year 3. Note: Percentages may not add exactly due to rounding. Round your answers to 2 decimal places. (i.e., .2345 should be entered as 23.45). FINCH COMPANY Vertical Analysis of Balance Sheets Year 4 Year 3 Percentage of Amount Percentage of Total Amount Total Assets Current assets Cash $ 17,500 % $ 13,200 %FINCH COMPANY Vertical Analysis of Balance Sheets Year 4 Year 3 Amount Percentage of Percentage of Total Amount Total Assets Current assets Cash $ 17,500 % $ 13,200 % Marketable securities 20,200 7,100 Accounts receivable (net) 55,800 46,200 Inventories 136,700 143,900 Prepaid items 26,800 11,300 Total current assets 257,000 221,700 Investments 28,700 21,700 Plant (net) 271,000 256,500 Land 29,400 24,800 Total long-term assets 329, 100 303,000 Total assets $ 586, 100 $ 524,700 Liabilities and stockholders' equity LiabilitiesLiabilities Current liabilities Notes payable 16,600 4.400 Accounts payable 113,500 98,300 Salaries payable 19,700 14,400 Total current liabilities 149,800 117, 100 Noncurrent liabilities Bonds payable 98, 100 98, 100 Other 31,500 25,200 Total noncurrent liabilities 129,600 123,300 Total liabilities 279,400 240,400 Stockholders' equity Preferred stock (par value $10, 4% cumulative, 77,000 77,000 nonparticipating; 7,700 shares authorized and issued) Common stock (no par; 50,000 shares authorized; 77,000 77,000 10,000 shares issued) Retained earnings 152,700 130,300 Total stockholders' equity 306,700 284,300 Total liabilities and stockholders' equity $ 586,100 % $ 524,700 % Income Statement >
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