Required 1. Prepare a vertical analysis of the balance sheet data for 2016 and 2
ID: 2479971 • Letter: R
Question
Required 1. Prepare a vertical analysis of the balance sheet data for 2016 and 2015. 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 2016 2015 Amount Amount Assets Cash Accounts receivable Inventory Buildings Less: Accumulated depreciation $ 3,168,000 $1,804,000 $ 3,300,000 $ 16,302,000 (2,574,000) $ 22,000,000 $ 819,000 $1,443,000 $ 2,223,000 $ 16,302,000 (1,287,000) $ 19,500,000 Total assets Liabilities and Stockholders' Equity Accounts payable Contingent liability Common stock Retained earnings $1,936,000 $ 2,156,000 $8,580,000 $ 9,328,000 22,000,000 $ 2,496,000 $8,580,000 $8,424,000 $ 19,500,000 Total liabilities and stockholders' equityExplanation / Answer
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FEDERER SPORT APPARELL Balance Sheet December 31 2016 2015 Amount Assets Cash 3,168,000 14.4% 819,000 4.2% Account recievable 1,804,000 8.2% 1,443,000 7.4% Inventory 3,300,000 15.0% 2,223,000 11.4% Building 16,302,000 74.1% 16,302,000 83.6% Less: Accumulated Depreciation (2,574,000) -11.7% (1,287,000) -6.6% Total Assets 22,000,000 100.0% 19,500,000 100.0% Liabilities and Stockholders Equity Accounts Payable 1,936,000 8.8% 2,496,000 12.8% Contingent Liability 2,156,000 9.8% - 0.0% Common Stock 8,580,000 39.0% 8,580,000 44.0% Retained Earning 9,328,000 42.4% 8,424,000 43.2% Total Liabilities and Stockholders Equity 22,000,000 100.0% 19,500,000 100.0%Related Questions
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