Chapter 17, Problem E17.15E

To determine

Vertical Analysis: The Financial Statements of the Company are required to be analyzed for decision-making purposes. Vertical Analysis is the comparison between Current Year and Previous Year details of the organization by showing amounts of both years and percentages of each item belongs to that year. This comparison helps in determining the growth in financial performance of the organization. Percentage of Assets item is calculated on the basis of Total Assets. On the other side, Percentage of Liabilities item is calculated on the basis of Total Liabilities and Stockholder’s Equity.

To Prepare: Vertical analysis of T Company’s assets for 2018 and 2017.