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 place.) FEDERER SPORTS APPAREL Balance Sheet December 31 Assets Amount 2025 % 2024 Amount % Cash Accounts receivable Inventory Buildings Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity $ 2,327,500 1,487,500 3,185,000 12,600,000 (2,100,000) $ 17,500,000 $ 1,592,500 1,592,500 7,665,000 Accounts payable Contingent liability Common stock Retained earnings Total liabilities and stockholders' equity $ 17,500,000 6,650,000 S 615,000 1,155,000 1,680,000 12,600,000 (1,050,000) $ 15,000,000 $ 1,890,000 1,110,000 7,665,000 4,335,000 $ 15,000,000
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 place.) FEDERER SPORTS APPAREL Balance Sheet December 31 Assets Amount 2025 % 2024 Amount % Cash Accounts receivable Inventory Buildings Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity $ 2,327,500 1,487,500 3,185,000 12,600,000 (2,100,000) $ 17,500,000 $ 1,592,500 1,592,500 7,665,000 Accounts payable Contingent liability Common stock Retained earnings Total liabilities and stockholders' equity $ 17,500,000 6,650,000 S 615,000 1,155,000 1,680,000 12,600,000 (1,050,000) $ 15,000,000 $ 1,890,000 1,110,000 7,665,000 4,335,000 $ 15,000,000
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 place.)
FEDERER SPORTS APPAREL
Balance Sheet
December 31
Assets
Amount
2025
%
2024
Amount
%
Cash
Accounts receivable
Inventory
Buildings
Less: Accumulated depreciation
Total assets
Liabilities and Stockholders' Equity
$ 2,327,500
1,487,500
3,185,000
12,600,000
(2,100,000)
$ 17,500,000
$ 1,592,500
1,592,500
7,665,000
Accounts payable
Contingent liability
Common stock
Retained earnings
Total liabilities and stockholders' equity
$ 17,500,000
6,650,000
S
615,000
1,155,000
1,680,000
12,600,000
(1,050,000)
$ 15,000,000
$ 1,890,000
1,110,000
7,665,000
4,335,000
$ 15,000,000
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