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The balance sheets for Federer Sports Apparel for 2022 and 2021 are presented below. Prepare a vertical analysis of the balance sheet data for 2022
The balance sheets for Federer Sports Apparel for 2022 and 2021 are presented below. Prepare a vertical analysis of the balance sheet data for 2022 and 2021. Express each amount as a percentage of total assets. Required information [The following information applies to the questions displayed below) The balance sheets for Federer Sports Apparel for 2022 and 2021 are presented below. 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) 2021 Arnout FEDERER SPORTS APPAREL Balance Sheet December 31 2022 Amount % Assets Cash $2.310.000 Accounts receivable 1,305,000 Invertory 4,005.000 Buildings 8,560,000 Les Acumulated depreciation (1.200.000 Totalans $ 15,000,000 Liabilities and stockholders' Equity Accounts payat $ 1.725,000 Contingent 1.230,000 Commons 4.920,000 Retained aming 7.125.000 Toated Mockholders uity $16.000.000 $ 840,000 1,044,000 2,136.000 0.500.000 1000.000) $ 12,000,000 1.350.000 4.920,000 5,700,000 112.000.000
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