Required information [The following information applies to the questions displayed below] The balance sheets for Federer Sports Apparel for 2025 and 2024 are presented below. 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 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 2025 Amount % 2024 Amount $ 1,712,500 $ 600.000 1,175,000 780.000 2,862,500 1,120,000 8,250,000 8,250,000 (1,500,000) (750,000) $ 12,500,000 $ 10,000,000 $ 1,237,500 $ 1,300,000 1,200,000 5,100,000 4,962,500 $ 12,500,000 1,120,000 5,100,000 2,480,000 $ 10,000,000

Required information [The following information applies to the questions displayed below] The balance sheets for Federer Sports Apparel for 2025 and 2024 are presented below. 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 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 2025 Amount % 2024 Amount $ 1,712,500 $ 600.000 1,175,000 780.000 2,862,500 1,120,000 8,250,000 8,250,000 (1,500,000) (750,000) $ 12,500,000 $ 10,000,000 $ 1,237,500 $ 1,300,000 1,200,000 5,100,000 4,962,500 $ 12,500,000 1,120,000 5,100,000 2,480,000 $ 10,000,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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