Prepare a vertical analysis of the balance sheet data for 2025 and 2024. Express each amount as a percentage of total assets. (A your answers to 1 decimal place.) Cash $2,208,000 $728,000 Accounts receivable 1,456,000 1,078,000 Inventory 3,040,000 1,7

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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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.) Cash $2, 208, 000 $728,000 Accounts receivable 1, 456, 000 1,078, 000 Inventory 3, 040, 000 1,778,000 Buildings 11, 536, 000 11, 536, 000 Less: Accumulated
depreciation (2, 240, 000) (1, 120, 000) Total assets $16,000,000 $14,000,000 Liabilities and Stockholders' Equity Accounts payable $1,600,000 $1,680,000 Contingent liability 1,392, 000 1,090, 000
Common stock 6, 048, 000 6,048, 000 Retained earnings 6,960,000 5, 182, 000 Total liabilities and stockholders' equity $16, 000, 000 $14,000,000
Transcribed Image Text: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.) Cash $2, 208, 000 $728,000 Accounts receivable 1, 456, 000 1,078, 000 Inventory 3, 040, 000 1,778,000 Buildings 11, 536, 000 11, 536, 000 Less: Accumulated depreciation (2, 240, 000) (1, 120, 000) Total assets $16,000,000 $14,000,000 Liabilities and Stockholders' Equity Accounts payable $1,600,000 $1,680,000 Contingent liability 1,392, 000 1,090, 000 Common stock 6, 048, 000 6,048, 000 Retained earnings 6,960,000 5, 182, 000 Total liabilities and stockholders' equity $16, 000, 000 $14,000,000
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