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).) Assets Current assets Cash Marketable securities Accounts receivable (net) Inventories Prepaid items Total current assets Investments Plant (net) Land Total long-term assets Total assets Liabilities and stockholders' equity Liabilition WALTON COMPANY Vertical Analysis of Balance Sheets Year 4 $ $ Amount 17,800 21,300 55,100 136,900 25,700 256,800 27,600 270,600 30,300 328,500 585,300 Percentage of Total % $ Amount Year 3 13,700 6,800 47,500 144,700 10,500 223,200 21,100 256,000 24,900 302,000 $ 525,200 Percentage of Total %
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).) Assets Current assets Cash Marketable securities Accounts receivable (net) Inventories Prepaid items Total current assets Investments Plant (net) Land Total long-term assets Total assets Liabilities and stockholders' equity Liabilition WALTON COMPANY Vertical Analysis of Balance Sheets Year 4 $ $ Amount 17,800 21,300 55,100 136,900 25,700 256,800 27,600 270,600 30,300 328,500 585,300 Percentage of Total % $ Amount Year 3 13,700 6,800 47,500 144,700 10,500 223,200 21,100 256,000 24,900 302,000 $ 525,200 Percentage of Total %
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question

Transcribed Image Text:Liabilities
Current liabilities
Notes payable
Accounts payable
Salaries payable
Total current liabilities
Noncurrent liabilities
Bonds payable
Other
Total noncurrent liabilities
Total liabilities
Stockholders' equity
Preferred stock (par value $10, 4% cumulative,
nonparticipating; 6,800 shares authorized and issued)
Common stock (no par; 50,000 shares authorized;
10,000 shares issued)
Retained earnings
Total stockholders' equity
Total liabilities & stockholders' equity
$
EA
16,700
112,800
20,400
149,900
98,200
31,800
130,000
279,900
68,000
68,000
169,400
305,400
$ 585,300
<Analysis Bal Sheet
$
EA
% $
4,700
98,300
13,400
116,400
98,200
25,900
124,100
240,500
68,000
68,000
148,700
284,700
525,200
Analysis Inc Stmt >
%

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).)
Assets
Current assets
Cash
Marketable securities
Accounts receivable (net)
Inventories
Prepaid items
Total current assets
Investments
Plant (net)
Land
Total long-term assets
Total assets
Liabilities and stockholders' equity
Lishilitinn
WALTON COMPANY
Vertical Analysis of Balance Sheets
Year 4
$
Amount
17,800
21,300
55,100
136,900
25,700
256,800
27,600
270,600
30,300
328,500
585,300
Percentage of
Total
% $
$
Amount
Year 3
13,700
6,800
47,500
144,700
10,500
223,200
21,100
256,000
24,900
302,000
525,200
Percentage of
Total
%
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images

Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you


Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,

Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,


Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,

Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON

Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education

Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education