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Required Prepare a vertical analysis of both the balance sheets and income statements for Year 4 and Year 3. Complete this question by entering your answers in the tabs below. Analysis Bal Analysis Inc Sheet Stmt 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).) PEREZ COMPANY Vertical Analysis of Balance Sheets Year 4 Year 3 Percentage of Total Percentage of Total Amount Amount Assets Current assets Cash $ 17.400 % $ 12,600 % Marketable securities 21,000 7,600 Accounts receivable (net) 54,700 46,900 Inventories 136.200 144,400 Prepaid items 25,700 11,800 Total current assets 255,000 223,300 Investments 28,100 21,000 Plant (net) 270,500 255,100 Land 29,700 24,900 328,300 $ 583,300 Total long-term assets 301,000 Total assets $ 524,300 Liabilities and stockholders' equity Liabilities Current liabilities $ 16,100 112,000 20,900 Notes payable $ 5,000 Accounts payable 98,300 Salaries payable 14,500 Total current liabilities 149,000 117,800 Noncurrent liabilities Bonds payable 99,200 99,200 Other 32,000 25,500 Total noncurrent liabilities 131,200 124,700 Total liabilities 280,200 242,500 Stockholders' equity Preferred stock (par value $10, 4% cumulative, nonparticipating; 6,300 shares authorized and issued) 63,000 63,000 Common stock (no par, 50,000 shares authorized; 10,000 shares issued) 63,000 63,000 Retained earnings 177,100 155,800 Total stockholders' equity 303,100 281,800 Total liabilities & stockholders' equity $ 583,300 % $ 524,300 %

Required Prepare a vertical analysis of both the balance sheets and income statements for Year 4 and Year 3. Complete this question by entering your answers in the tabs below. Analysis Bal Analysis Inc Sheet Stmt 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).) PEREZ COMPANY Vertical Analysis of Balance Sheets Year 4 Year 3 Percentage of Total Percentage of Total Amount Amount Assets Current assets Cash $ 17.400 % $ 12,600 % Marketable securities 21,000 7,600 Accounts receivable (net) 54,700 46,900 Inventories 136.200 144,400 Prepaid items 25,700 11,800 Total current assets 255,000 223,300 Investments 28,100 21,000 Plant (net) 270,500 255,100 Land 29,700 24,900 328,300 $ 583,300 Total long-term assets 301,000 Total assets $ 524,300 Liabilities and stockholders' equity Liabilities Current liabilities $ 16,100 112,000 20,900 Notes payable $ 5,000 Accounts payable 98,300 Salaries payable 14,500 Total current liabilities 149,000 117,800 Noncurrent liabilities Bonds payable 99,200 99,200 Other 32,000 25,500 Total noncurrent liabilities 131,200 124,700 Total liabilities 280,200 242,500 Stockholders' equity Preferred stock (par value $10, 4% cumulative, nonparticipating; 6,300 shares authorized and issued) 63,000 63,000 Common stock (no par, 50,000 shares authorized; 10,000 shares issued) 63,000 63,000 Retained earnings 177,100 155,800 Total stockholders' equity 303,100 281,800 Total liabilities & stockholders' equity $ 583,300 % $ 524,300 %

FINANCIAL ACCOUNTING
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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Required Prepare a vertical analysis of both the balance sheets and income statements for Year 4 and Year 3. Complete this question by entering your answers in the tabs below. Analysis Bal Analysis Inc Sheet Stmt 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).) PEREZ COMPANY Vertical Analysis of Balance Sheets Year 4 Year 3 Percentage of Total Percentage of Total Amount Amount Assets Current assets Cash $ 17,400 % $ 12,600 % Marketable securities 21,000 7,600 Accounts receivable (net) 54,700 46,900 Inventories 136,200 144,400 Prepaid items 25,700 11,800 Total current assets 255,000 223,300 Investments 28,100 21,000 Plant (net) 270,500 255,100 Land 29,700 24,900 Total long-term assets 328,300 301,000 Total assets $ 583,300 $ 524,300 Liabilities and stockholders' equity Liabilities Current liabilities Notes payable $ 16,100 $ 5,000 Accounts payable 112,000 98,300 Salaries payable 20,900 14,500 Total current liabilities 149,000 117,800 Noncurrent liabilities Bonds payable 99,200 99,200 Other 32,000 25,500 Total noncurrent liabilities 131,200 124,700 Total liabilities 280,200 242,500 Stockholders' equity Preferred stock (par value $10, 4% cumulative, nonparticipating; 6,300 shares authorized and issued) Common stock (no par; 50,000 shares authorized; 10,000 shares issued) 63,000 63,000 63,000 63,000 Retained earnings 177,100 155,800 Total stockholders' equity 303,100 281,800 Total liabilities & stockholders' equity $ 583,300 % $ 524,300 % < Analysis Bal Sheet Analysis Inc Stmt >
Transcribed Image Text:Required Prepare a vertical analysis of both the balance sheets and income statements for Year 4 and Year 3. Complete this question by entering your answers in the tabs below. Analysis Bal Analysis Inc Sheet Stmt 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).) PEREZ COMPANY Vertical Analysis of Balance Sheets Year 4 Year 3 Percentage of Total Percentage of Total Amount Amount Assets Current assets Cash $ 17,400 % $ 12,600 % Marketable securities 21,000 7,600 Accounts receivable (net) 54,700 46,900 Inventories 136,200 144,400 Prepaid items 25,700 11,800 Total current assets 255,000 223,300 Investments 28,100 21,000 Plant (net) 270,500 255,100 Land 29,700 24,900 Total long-term assets 328,300 301,000 Total assets $ 583,300 $ 524,300 Liabilities and stockholders' equity Liabilities Current liabilities Notes payable $ 16,100 $ 5,000 Accounts payable 112,000 98,300 Salaries payable 20,900 14,500 Total current liabilities 149,000 117,800 Noncurrent liabilities Bonds payable 99,200 99,200 Other 32,000 25,500 Total noncurrent liabilities 131,200 124,700 Total liabilities 280,200 242,500 Stockholders' equity Preferred stock (par value $10, 4% cumulative, nonparticipating; 6,300 shares authorized and issued) Common stock (no par; 50,000 shares authorized; 10,000 shares issued) 63,000 63,000 63,000 63,000 Retained earnings 177,100 155,800 Total stockholders' equity 303,100 281,800 Total liabilities & stockholders' equity $ 583,300 % $ 524,300 % < Analysis Bal Sheet Analysis Inc Stmt >
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