Prepare a vertical analysis of the balance sheets for Year 4 and Year 3. (Percentages may not add exactly due to rounding Round your answers to 2 decimal places. (i.e., .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 Liabilities Current liabilities Notes payable Accounts payable Salaries payable Total current liabilities Noncurrent liabilities Bonds payable Other RUNDLE COMPANY Vertical Analysis of Balance Sheets Year 4 Total noncurrent liabilities Total liabilities Stockholders' equity Preferred stock (par value $10, 4% cumulative, nonparticipating; 6,000 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 Amount $ 16,900 21,000 55,100 135,400 25,900 254,300 28,200 271,400 29,100 328,700 $ 583,000 $ 15,100 112,500 19,800 147,400 98,100 30,700 128,800 276,200 60,000 60,000 186,800 306,800 $ 583,000 Percentage of Total Amount % Year 3 % $ 12,500 6,200 46,400 144,400 10,900 220,400 20,000 255,800 25,800 301,600 $ 522,000 $ 5,000 98,200 14,300 117,500 98,100 26,500 124,600 242,100 60,000 60,000 159,900 279,900 $ 522,000 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 answers to 2 decimal places. (i.e., .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 Liabilities Current liabilities Notes payable Accounts payable Salaries payable Total current liabilities Noncurrent liabilities Bonds payable Other RUNDLE COMPANY Vertical Analysis of Balance Sheets Year 4 Total noncurrent liabilities Total liabilities Stockholders' equity Preferred stock (par value $10, 4% cumulative, nonparticipating; 6,000 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 Amount $ 16,900 21,000 55,100 135,400 25,900 254,300 28,200 271,400 29,100 328,700 $ 583,000 $ 15,100 112,500 19,800 147,400 98,100 30,700 128,800 276,200 60,000 60,000 186,800 306,800 $ 583,000 Percentage of Total Amount % Year 3 % $ 12,500 6,200 46,400 144,400 10,900 220,400 20,000 255,800 25,800 301,600 $ 522,000 $ 5,000 98,200 14,300 117,500 98,100 26,500 124,600 242,100 60,000 60,000 159,900 279,900 $ 522,000 Percentage of Total % %
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
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 answers to 2 decimal places. (i.e., .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
Liabilities
Current liabilities
Notes payable
Accounts payable
Salaries payable
Total current liabilities
Noncurrent liabilities
Bonds payable
Other
RUNDLE COMPANY
Vertical Analysis of Balance Sheets
Year 4
Total noncurrent liabilities
Total liabilities
Stockholders' equity
Preferred stock (par value $10, 4% cumulative,
nonparticipating; 6,000 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
Amount
$ 16,900
21,000
55,100
135,400
25,900
254,300
28,200
271,400
29,100
328,700
$ 583,000
$ 15,100
112,500
19,800
147,400
98,100
30,700
128,800
276,200
60,000
60,000
186,800
306,800
$ 583,000
Percentage of
Total
Amount
%
Year 3
% $ 12,500
6,200
46,400
144,400
10,900
220,400
20,000
255,800
25,800
301,600
$ 522,000
$ 5,000
98,200
14,300
117,500
98,100
26,500
124,600
242,100
60,000
60,000
159,900
279,900
$ 522,000
Percentage of
Total
%
%
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