Year 2008 $15,400 6,300 18,900 8,400 4.100 $53,100 The following is a Balance Sheet for a company for two years: Assets Year 0007 Current Assets Cash $11,300 Credit card receivables 4,500 Accounts receivable 11,100 Vending inventories 7,500 Prepaid expenses 4.200 Total Current Assets $38,600 Property Plant & Equipment Land $81,200 Building 758,100 Furnishing 83,712 Equipment 90,688 Accumulated depreciation -315,500 Glassware, linen inventories 12.200 Net Property and Equipment $710.400 Total Assets $749,000 Liabilities & Stockholders' Equity Current Liabilities Accounts payable $9,200 Accrued expenses payable 4,150 Taxes payable 12,150 Current portion, mortgage payable 13.500 Total Current Liabilities S39,000 - Long-Term Liabilities Mortgage payable $423.800 Total Liabilities $462,800 Stockholders' Equity Capital stock $125,200 s Retained earnings 161.000 es Total Stockholders' Equity $286.200 1 Total Liabilities & Stockholders' Equity $749,000 $81,200 795,300 93,412 90,688 -335,800 15.300 $740,100 $793,200 $12.200 4,900 15,500 11.200 S43,800 $412.300 $456,100 $145,200 191.900 $337.100 $793,200 2 40 Complete a common-size vertical balance sheet analysis in proper form 4 for Year 0007 and Year 0008. 42 Comment on any changes you consider significant Year 2008 $15,400 6,300 18,900 8,400 4.100 $53,100 The following is a Balance Sheet for a company for two years: Assets Year 0007 Current Assets Cash $11,300 Credit card receivables 4,500 Accounts receivable 11,100 Vending inventories 7,500 Prepaid expenses 4.200 Total Current Assets $38,600 Property Plant & Equipment Land $81,200 Building 758,100 Furnishing 83,712 Equipment 90,688 Accumulated depreciation -315,500 Glassware, linen inventories 12.200 Net Property and Equipment $710.400 Total Assets $749,000 Liabilities & Stockholders' Equity Current Liabilities Accounts payable $9,200 Accrued expenses payable 4,150 Taxes payable 12,150 Current portion, mortgage payable 13.500 Total Current Liabilities S39,000 - Long-Term Liabilities Mortgage payable $423.800 Total Liabilities $462,800 Stockholders' Equity Capital stock $125,200 s Retained earnings 161.000 es Total Stockholders' Equity $286.200 1 Total Liabilities & Stockholders' Equity $749,000 $81,200 795,300 93,412 90,688 -335,800 15.300 $740,100 $793,200 $12.200 4,900 15,500 11.200 S43,800 $412.300 $456,100 $145,200 191.900 $337.100 $793,200 2 40 Complete a common-size vertical balance sheet analysis in proper form 4 for Year 0007 and Year 0008. 42 Comment on any changes you consider significant