Week 8: Homework Connect to.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghm Homework Saved [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 (Amounts to be deducted should be indicated by a minus sign. Round your answers to 1 decimal place.) FEDERER SPORTS APPAREL Balance Sheet December 31 2022 2021 Amount % Amount % S 100 0 $ 100.0 Assets Cash Accounts receivable Inventory Buildings 2.300.000 1.500.000 2 800.000 11.000.000 800.000 1.200 000 1.700.000 11.000.000 Help Save & E Herren Che Required information f2 2021 Amount ok 100.0 $ 100.0 800,000 1,200,000 nt FEDERER SPORTS APPAREL Balance Sheet December 31 2022 Amount % Assets Cash $ 2,300,000 Accounts receivable 1,500,000 Inventory 2.800,000 Buildings 11,000,000 Less: Accumulated depreciation (2.000.000 Total assets $ 15,600,000 Liabilities and Stockholders' Equity Accounts payable $ 1,450,000 Contingent liability 1,500,000 Common stock 8.000.000 Retained earnings 4.650.000 Total liabilities and stockholders equity $ 15,600,000 Ek 1,700,000 11,000,000 (1,000,000) $ 13,700,000 ant ences $ 1,700,000 8,000,000 4.000.000 $ 13.700.000 2 of 6 Next > o ere to search 99. hp Week 8: Homework Connect to.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghm Homework Saved [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 (Amounts to be deducted should be indicated by a minus sign. Round your answers to 1 decimal place.) FEDERER SPORTS APPAREL Balance Sheet December 31 2022 2021 Amount % Amount % S 100 0 $ 100.0 Assets Cash Accounts receivable Inventory Buildings 2.300.000 1.500.000 2 800.000 11.000.000 800.000 1.200 000 1.700.000 11.000.000 Help Save & E Herren Che Required information f2 2021 Amount ok 100.0 $ 100.0 800,000 1,200,000 nt FEDERER SPORTS APPAREL Balance Sheet December 31 2022 Amount % Assets Cash $ 2,300,000 Accounts receivable 1,500,000 Inventory 2.800,000 Buildings 11,000,000 Less: Accumulated depreciation (2.000.000 Total assets $ 15,600,000 Liabilities and Stockholders' Equity Accounts payable $ 1,450,000 Contingent liability 1,500,000 Common stock 8.000.000 Retained earnings 4.650.000 Total liabilities and stockholders equity $ 15,600,000 Ek 1,700,000 11,000,000 (1,000,000) $ 13,700,000 ant ences $ 1,700,000 8,000,000 4.000.000 $ 13.700.000 2 of 6 Next > o ere to search 99. hp