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Vertical Analysis of Balance Sheet Balance sheet data for a company for the years ended December 31, 20Y2 and 20Y1, are shown below. 20Y2 20Y1
Vertical Analysis of Balance Sheet
Balance sheet data for a company for the years ended December 31, 20Y2 and 20Y1, are shown below.
20Y2 | 20Y1 | |||
Current assets | $ 1,500,000 | $ 1,200,000 | ||
Property, plant, and equipment | 12,500,000 | 10,800,000 | ||
Intangible assets | 2,000,000 | 2,000,000 | ||
Current liabilities | 1,000,000 | 850,000 | ||
Long-term liabilities | 3,000,000 | 2,400,000 | ||
Common stock | 2,500,000 | 2,500,000 | ||
Retained earnings | 9,500,000 | 8,250,000 |
Prepare a comparative balance sheet for 20Y2 and 20Y1, 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. Round your answers to one decimal place.
Comparative Balance Sheet | ||||
December 31, 20Y2 and 20Y1 | ||||
20Y2 Amount | 20Y2 Percent | 20Y1 Amount | 20Y1 Percent | |
Assets | ||||
Current assets | $1,500,000__________ | % | $1,200,000__________ | % |
Property, plant, and equipment | 12,500,000__________ | % | 10,800,000__________ | % |
Intangible assets | 2,000,000__________ | % | 2,000,000___________ | % |
Total assets | $16,000,000__________ | % | $14,000,000__________ | % |
Liabilities | ||||
Current liabilities | $1,000,000__________ | % | $850,000___________ | % |
Long-term liabilities | 3,000,000___________ | % | 2,400,000___________ | % |
Stockholders' equity | ||||
Common stock | 2,500,000___________ | % | 2,500,000__________ | % |
Retained earnings | 9,500,000___________ | % | 8,250,000___________ | % |
Total liabilities and stockholders' equity | $16,000,000___________ | % | $14,000,000___________ | % |
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