Required Prepare a vertical analysis of both the balance sheets and income statements for Year 4 and Year 3.

Prepare a vertical analysis of the balance sheets for Year 4 and Year 3.

FRANKLIN COMPANY
Vertical Analysis of Balance Sheets
	Year 4			Year 3
	Amount	Percentage of Total		Amount	Percentage of Total
Assets
Current assets
Cash	$17,500		%	$12,100		%
Marketable securities	21,700			6,800
Accounts receivable (net)	55,600			46,500
Inventories	136,300			143,900
Prepaid items	25,200			11,300
Total current assets	256,300			220,600
Investments	28,900			20,600
Plant (net)	270,700			255,300
Land	29,200			24,100
Total long-term assets	328,800			300,000
Total assets	$585,100			$520,600
Liabilities and stockholders' equity
Liabilities
Current liabilities
Notes payable	$15,900			$5,500
Accounts payable	113,700			98,700
Salaries payable	20,800			13,100
Total current liabilities	150,400			117,300
Noncurrent liabilities
Bonds payable	99,800			99,800
Other	31,300			25,100
Total noncurrent liabilities	131,100			124,900
Total liabilities	281,500			242,200
Stockholders' equity
Preferred stock (par value $10, 4% cumulative, nonparticipating; 7,400 shares authorized and issued)	74,000			74,000
Common stock (no par; 50,000 shares authorized; 10,000 shares issued)	74,000			74,000
Retained earnings	155,600			130,400
Total stockholders' equity	303,600			278,400
Total liabilities & stockholders equity	$585,100		%	$520,600		%

Prepare a vertical analysis of an income statements for Year 4 and Year 3. (Percentages may not add exactly due to rounding. Round your answers to 2 decimal places. (i.e., . 2345 should be entered as 23.45).)