Required: 1. 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 pla Assets Cash Accounts receivable Inventory Buildings Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Contingent liability Common stock Retained earnings Total liabilities and stockholders' equity FEDERER SPORTS APPAREL Balance Sheet December 31 Amount 2025 $ 2,370,000 1,215,000 3,540,000 9,225,000 (1,350,000) $ 15,000,000 $ 1,725,000 1,470,000 6,000,000 5,805,000 $ 15,000,000 $ Amount 2024 937,500 1,012,500 2,000,000 9,225,000 (675,000) $ 12,500,000 $ 1,500,000 1,030,000 6,000,000 3,970,000 $ 12,500,000
Required: 1. 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 pla Assets Cash Accounts receivable Inventory Buildings Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Contingent liability Common stock Retained earnings Total liabilities and stockholders' equity FEDERER SPORTS APPAREL Balance Sheet December 31 Amount 2025 $ 2,370,000 1,215,000 3,540,000 9,225,000 (1,350,000) $ 15,000,000 $ 1,725,000 1,470,000 6,000,000 5,805,000 $ 15,000,000 $ Amount 2024 937,500 1,012,500 2,000,000 9,225,000 (675,000) $ 12,500,000 $ 1,500,000 1,030,000 6,000,000 3,970,000 $ 12,500,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Required:
1. 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 pla
Assets
Cash
Accounts receivable
Inventory
Buildings
Less: Accumulated depreciation
Total assets
Liabilities and Stockholders' Equity
Accounts payable
Contingent liability
Common stock
Retained earnings
Total liabilities and stockholders' equity
FEDERER SPORTS APPAREL
Balance Sheet
December 31
Amount
2025
$ 2,370,000
1,215,000
3,540,000
9,225,000
(1,350,000)
$ 15,000,000
$ 1,725,000
1,470,000
6,000,000
5,805,000
$ 15,000,000
$
Amount
2024
937,500
1,012,500
2,000,000
9,225,000
(675,000)
$ 12,500,000
$ 1,500,000
1,030,000
6,000,000
3,970,000
$ 12,500,000
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