1. Prepare a vertical analysis of the balance sheet data for 2025 and 2024. Express each amount as a percentage of total assets. (Amounts to be deducted should be indicated by a minus sign. Round your answers to 1 decimal place.) Assets Cash Accounts receivable Inventory Buildings Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Contingent liability Common stock Retained earnings Total liabilities and stockholders' equity FEDERER SPORTS APPAREL Balance Sheet December 31 Amount 2025 $ 2,200,000 1,237,500 3,112,500 7,150,000 (1,200,000) $ 12,500,000 $ 1,512,500 850,000 5,050,000 5,087,500 $ 12,500,000 Amount $ 2024 800,000 990,000 1,660,000 7,150,000 (600,000) $ 10,000,000 $ 1,250,000 800,000 5,050,000 2,900,000 $ 10,000,000 %

1. Prepare a vertical analysis of the balance sheet data for 2025 and 2024. Express each amount as a percentage of total assets. (Amounts to be deducted should be indicated by a minus sign. Round your answers to 1 decimal place.) Assets Cash Accounts receivable Inventory Buildings Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Contingent liability Common stock Retained earnings Total liabilities and stockholders' equity FEDERER SPORTS APPAREL Balance Sheet December 31 Amount 2025 $ 2,200,000 1,237,500 3,112,500 7,150,000 (1,200,000) $ 12,500,000 $ 1,512,500 850,000 5,050,000 5,087,500 $ 12,500,000 Amount $ 2024 800,000 990,000 1,660,000 7,150,000 (600,000) $ 10,000,000 $ 1,250,000 800,000 5,050,000 2,900,000 $ 10,000,000 %

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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