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.)
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.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Required information
[The following information applies to the questions displayed below]
The balance sheets for Federer Sports Apparel for 2025 and 2024 are presented below.
Required:
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 eamings
Total liabilities and stockholders' equity
FEDERER SPORTS APPAREL
Balance Sheet
December 31
Amount
2025
$ 2,370,000
1,215,000
3,540,000
9,225,000
(1,350,000)
$ 15,000,000
$ 1,725,000
1,470,000
6,000,000
5,805,000
$ 15,000,000
%
$
Amount
2024
937,500
1,012,500
2,000,000
9,225,000
(675,000)
$ 12.500,000
$1,500,000
1,030,000
6,000,000
3,970,000
$ 12,500,000
ANA
%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2c2a5a6a-1705-4081-88a0-53da8029a49c%2Ffefddbd0-a0fb-4dff-9422-aeaad0eaac55%2Fcxfj5yw_processed.png&w=3840&q=75)
Transcribed Image Text:100
Required information
[The following information applies to the questions displayed below]
The balance sheets for Federer Sports Apparel for 2025 and 2024 are presented below.
Required:
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 eamings
Total liabilities and stockholders' equity
FEDERER SPORTS APPAREL
Balance Sheet
December 31
Amount
2025
$ 2,370,000
1,215,000
3,540,000
9,225,000
(1,350,000)
$ 15,000,000
$ 1,725,000
1,470,000
6,000,000
5,805,000
$ 15,000,000
%
$
Amount
2024
937,500
1,012,500
2,000,000
9,225,000
(675,000)
$ 12.500,000
$1,500,000
1,030,000
6,000,000
3,970,000
$ 12,500,000
ANA
%
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