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 % %
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![Prepare a vertical analysis of the balance sheets for Year 4 and Year 3. (Percentages may not add exactly due to rounding.
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
Net income
Amount
$ 230,600
9,000
239,600
119,200
53,500
7,100
22,700
202,500
$ 37,100
< Analysis Bal Sheet
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
Analysis Inc Stmt >](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd97d94da-be28-4b0c-acdf-a8f487a6031f%2F227dcbea-ed4c-4832-afc0-7fb3b34f66f5%2Fay94cs_processed.png&w=3840&q=75)
Transcribed Image Text:Prepare a vertical analysis of the balance sheets for Year 4 and Year 3. (Percentages may not add exactly due to rounding.
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
Net income
Amount
$ 230,600
9,000
239,600
119,200
53,500
7,100
22,700
202,500
$ 37,100
< Analysis Bal Sheet
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
Analysis Inc Stmt >
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