Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Vertical Analysis of Balance Sheet Balance sheet data for a company for the years ended December 31, 2012 and 2041, are shown below. 20Y2 2011

image text in transcribed

Vertical Analysis of Balance Sheet Balance sheet data for a company for the years ended December 31, 2012 and 2041, are shown below. 20Y2 2011 Current assets 290,580 165,440 591,180 526,400 Property, plant, and equipment Intangible assets 120,240 60,160 Current liabilities 210,420 105,280 Long-term liabilities 380,760 315,840 Common stock 120,240 120,320 Retained earnings 290,580 210,560 Prepare a comparative balance sheet for 20Y2 and 2041, stating each asset as a percent of total assets and each liability and stockholders' equity item as a percent of the total liabilities and stockholders' equity. If required, round percentages to one decimal place. Comparative Balance Sheet December 31, 2012 and 2041 2012 Amount 20Y2 Percent 20Y1 Amount 20Y1 Percent Assets Current assets $290,580 % $165,440 % 526,400 Property, plant, and equipment Intangible assets 591,180 120,240 60,160 $1,002,000 % $752,000 Total assets Liabilities Current liabilities $210,420 $105,280 Long-term liabilities 380,760 315,840 mi tri trili $591,180 % $421, 120 % Total liabilities Stockholders' equity ' Common stock Retained earnings 120,240 ini intil % 120,320 290,580 210,560 Total stockholders' equity $410,820 % $330,880 Total liabilities and stockholders' equity $1,002,000 % $752,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

BondsA Concise Guide For Investors

Authors: M. Choudhry

2nd Edition

0230006493, 9780230006492

More Books

Students also viewed these Accounting questions

Question

7 Describe the role of an HR business partner

Answered: 1 week ago

Question

5 Explain the concept of the psychological contract.

Answered: 1 week ago