question archive Prepare a vertical analysis of the balance sheet data for Year 2 and Year 1
Prepare a vertical analysis of the balance sheet data for Year 2 and Year 1
Subject:AccountingPrice: Bought3
Prepare a vertical analysis of the balance sheet data for Year 2 and Year 1. 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.) COMPANY A Balance Sheet December 31 Year 2 Amount Year 1 Amount Assets Cash Accounts receivable Inventory Buildings Loss: Accumulated depreciation Total assets Labilities and Stockholders' Equity Accounts payable Contingent liability Common stock Retained earnings Total liabilities and stockholders' equity $ 2,431,000 1,581,000 3,128,000 11,832,000 (1.972,000) $ 17,000,000 $ 754,000 1,305,000 1,595,000 11,832,000 (986,000) $ 14,500,000 $ 1,856,000 $ 1,496,000 1,360,000 7.888,000 6,256,000 $ 17,000,000 7,888,000 4,756,000 $ 14,500,000
