Vertical Analysis of Balance Sheets

Consolidated balance sheets for Winged Manufacturing follow.

Winged Manufacturing Consolidated Balance Sheets (dollars in thousands)
		December 31
ASSETS		2023		2023
Current assets:
Cash and cash equivalents		$1,238,488		$676,413
Short-term investments		54,368		215,890
Accounts receivable, net of allowance for doubtful accounts of $90,992 ($83,776 in 2022)		1,581,347		1,381,946
Inventories		1,088,434		1,501,638
Deferred tax assets		293,048		268,085
Other current assets		255,767		289,383
Total current assets		$4,511,452		$4,333,355
Property, plant, and equipment:
Land and buildings		$484,592		$404,688
Machinery and equipment		577,728		578,272
Office furniture and equipment		158,160		167,905
Leasehold improvements		236,708		261,792
		$1,457,188		$1,412,657
Accumulated depreciation and amortization		(785,088)		(753,111)
Net property, plant, and equipment		$672,100		$659,546
Other assets		159,194		173,511
Total assets		$5,342,746		$5,166,412
LIABILITIES AND STOCKHOLDERS EQUITY
Current liabilities:
Short-term borrowings		$292,200		$823,182
Accounts payable		906,717		742,622
Accrued compensation and employee benefits		136,895		144,779
Accrued marketing and distribution		178,294		174,547
Accrued restructuring costs		58,238		307,932
Other current liabilities		396,961		315,023
Total current liabilities		$1,969,305		$2,508,085
Long-term debt		304,472		7,117
Deferred tax liabilities		670,668		634,832
Total liabilities		$2,944,445		$3,150,034
Stockholders equity:
Common stock, no par value: 320,000,000 shares authorized; 119,542,527 shares issued and outstanding in 2023 (116,147,035 shares in 2022)		$297,929		$228,613
Retained earnings		2,111,206		1,807,600
Accumulated translation adjustment		(10,834)		(19,835)
Total stockholders equity		$2,398,301		$2,016,378
Total liabilities and stockholders equity		$5,342,746		$5,166,412

Required:

Question Content Area

1. Prepare common size balance sheets for vertical analysis. Enter your answers in percentage terms, rounded to two decimal places, and do not include the "%" sign with your answer. For example, "100.00" or "28.72". For those boxes in which underlying dollar amount is shown as negative, use a minus sign. You do not need to include the actual dollar amounts shown above.

Winged Manufacturing Consolidated Balance Sheets blank

	December 31, 2023	December 31, 2022
Current assets:
Cash and cash equivalents	fill in the blank f	fill in the blank
Short-term investments	fill in the blank f	fill in the blank f
Accounts receivable, net of allowance for doubtful accounts of $90,992 ($83,776 in 2022)	fill in the blank	fill in the blank
Inventories	fill in the blank	fill in the blank
Deferred tax assets	fill in the blank f	fill in the blank f0e04209d075faa_10%
Other current assets	fill in the blank f0e04209d075faa_11%	fill in the blank f0e04209d075faa_12%
Total current assets	fill in the blank f0e04209d075faa_13%	fill in the blank f0e04209d075faa_14%
Property, plant, and equipment:
Land and buildings	fill in the blank f0e04209d075faa_15%	fill in the blank f0e04209d075faa_16%
Machinery and equipment	fill in the blank f0e04209d075faa_17%	fill in the blank f0e04209d075faa_18%
Office furniture and equipment	fill in the blank f0e04209d075faa_19%	fill in the blank f0e04209d075faa_20%
Leasehold improvements	fill in the blank f0e04209d075faa_21%	fill in the blank f0e04209d075faa_22%
	fill in the blank f0e04209d075faa_23%	fill in the blank f0e04209d075faa_24%
Accumulated depreciation and amortization	fill in the blank f0e04209d075faa_25%	fill in the blank f0e04209d075faa_26%
Net property, plant, and equipment	fill in the blank f0e04209d075faa_27%	fill in the blank f0e04209d075faa_28%
Other assets	fill in the blank f0e04209d075faa_29%	fill in the blank f0e04209d075faa_30%
Total assets	fill in the blank f0e04209d075faa_31%	fill in the blank f0e04209d075faa_32%
Current liabilities:
Short-term borrowing	fill in the blank f0e04209d075faa_33%	fill in the blank f0e04209d075faa_34%
Accounts payable	fill in the blank f0e04209d075faa_35%	fill in the blank f0e04209d075faa_36%
Accrued compensation and employee benefits	fill in the blank f0e04209d075faa_37%	fill in the blank f0e04209d075faa_38%
Accrued marketing and distribution	fill in the blank f0e04209d075faa_39%	fill in the blank f0e04209d075faa_40%
Accrued restructuring costs	fill in the blank f0e04209d075faa_41%	fill in the blank f0e04209d075faa_42%
Other current liabilities	fill in the blank f0e04209d075faa_43%	fill in the blank f0e04209d075faa_44%
Total current liabilities	fill in the blank f0e04209d075faa_45%	fill in the blank f0e04209d075faa_46%
Long-term debt	fill in the blank f0e04209d075faa_47%	fill in the blank f0e04209d075faa_48%
Deferred tax liabilities	fill in the blank f0e04209d075faa_49%	fill in the blank f0e04209d075faa_50%
Total liabilities	fill in the blank f0e04209d075faa_51%	fill in the blank f0e04209d075faa_52%
Stockholders' equity:
Common stock, no par value: 320,000,000 shares authorized; 119,542,527 shares issued and outstanding in 2023 (116,147,035 shares in 2022)	fill in the blank f0e04209d075faa_53%	fill in the blank f0e04209d075faa_54%
Retained earnings	fill in the blank f0e04209d075faa_55%	fill in the blank f0e04209d075faa_56%
Accumulated translation adjustment	fill in the blank f0e04209d075faa_57%	fill in the blank f0e04209d075faa_58%
Total stockholders' equity	fill in the blank f0e04209d075faa_59%	fill in the blank f0e04209d075faa_60%
Total liabilities and stockholders' equity	fill in the blank f0e04209d075faa_61%	fill in the blank f0e04209d075faa_62%