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 pla 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 FEDERER SPORTS APPAREL Balance Sheet December 31 Amount 2025 $ 2,370,000 1,215,000 3,540,000 9,225,000 (1,350,000) $ 15,000,000 $ 1,725,000 1,470,000 6,000,000 5,805,000 $ 15,000,000 $ Amount 2024 937,500 1,012,500 2,000,000 9,225,000 (675,000) $ 12,500,000 $ 1,500,000 1,030,000 6,000,000 3,970,000 $ 12,500,000

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 pla 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 FEDERER SPORTS APPAREL Balance Sheet December 31 Amount 2025 $ 2,370,000 1,215,000 3,540,000 9,225,000 (1,350,000) $ 15,000,000 $ 1,725,000 1,470,000 6,000,000 5,805,000 $ 15,000,000 $ Amount 2024 937,500 1,012,500 2,000,000 9,225,000 (675,000) $ 12,500,000 $ 1,500,000 1,030,000 6,000,000 3,970,000 $ 12,500,000

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter16: Financial Statement Analysis

Section: Chapter Questions

Problem 6BE

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