Prepare a vertical analysis of the balance sheets for Year 4 and Year 3. (Percentages may not add exactly due to roundin Round your percentage answers to 2 decimal places. (i.e., 0.2345 should be entered as 23.45).) Revenues Sales (net) Other revenues Total revenues Expenses Cost of goods sold WALTON COMPANY Vertical Analysis of Income Statements Year 4 Selling, general, and administrative expense Interest expense Income tax expense Total expenses let income Amount $ 230,600 9,000 239,600 119,200 53,500 7,100 22,700 202,500 $ 37,100 Percentage of Total Amount Year 3 % $ 211,800 5,900 217,700 102,500 49,300 6,300 21,700 179,800 % $ 37,900 Percentage of Total % %

Prepare a vertical analysis of the balance sheets for Year 4 and Year 3. (Percentages may not add exactly due to roundin Round your percentage answers to 2 decimal places. (i.e., 0.2345 should be entered as 23.45).) Revenues Sales (net) Other revenues Total revenues Expenses Cost of goods sold WALTON COMPANY Vertical Analysis of Income Statements Year 4 Selling, general, and administrative expense Interest expense Income tax expense Total expenses let income Amount $ 230,600 9,000 239,600 119,200 53,500 7,100 22,700 202,500 $ 37,100 Percentage of Total Amount Year 3 % $ 211,800 5,900 217,700 102,500 49,300 6,300 21,700 179,800 % $ 37,900 Percentage of Total % %

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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