Question

Vertical Analysis of Balance Sheet Balance sheet data for a company for the years ended December...

Vertical Analysis of Balance Sheet

Balance sheet data for a company for the years ended December 31, 20Y2 and 20Y1, are shown below.

20Y2 20Y1
Current assets $ 1,500,000 $ 1,200,000
Property, plant, and equipment 12,500,000 10,800,000
Intangible assets 2,000,000 2,000,000
Current liabilities 1,000,000 850,000
Long-term liabilities 3,000,000 2,400,000
Common stock 2,500,000 2,500,000
Retained earnings 9,500,000 8,250,000

Prepare a comparative balance sheet for 20Y2 and 20Y1, stating each asset as a percent of total assets and each liability and stockholders’ equity item as a percent of the total liabilities and stockholders' equity. Round your answers to one decimal place.

Comparative Balance Sheet
December 31, 20Y2 and 20Y1
20Y2 Amount 20Y2 Percent 20Y1 Amount 20Y1 Percent
Assets
Current assets $1,500,000__________ % $1,200,000__________ %
Property, plant, and equipment 12,500,000__________ % 10,800,000__________ %
Intangible assets 2,000,000__________ % 2,000,000___________ %
Total assets $16,000,000__________ % $14,000,000__________ %
Liabilities
Current liabilities $1,000,000__________ % $850,000___________ %
Long-term liabilities 3,000,000___________ % 2,400,000___________ %
Stockholders' equity
Common stock 2,500,000___________ % 2,500,000__________ %
Retained earnings 9,500,000___________ % 8,250,000___________ %
Total liabilities and stockholders' equity $16,000,000___________ % $14,000,000___________ %

Homework Answers

Answer #1
Comparative Balance Sheet
December 31, 20Y2 and 20Y1
20Y2 Amount 20Y2 Percent 20Y1 Amount 20Y1 Percent
Assets
Current assets 1500000 9.4% 1200000 8.6%
Property, plant, and equipment 12500000 78.1% 10800000 77.1%
Intangible assets 2000000 12.5% 2000000 14.3%
Total assets 16000000 100.0% 14000000 100.0%
Liabilities
Current liabilities 1000000 6.3% 850000 6.1%
Long-term liabilities 3000000 18.8% 2400000 17.1%
Stockholders' equity
Common stock 2500000 15.6% 2500000 17.9%
Retained earnings 9500000 59.4% 8250000 58.9%
Total liabilities and stockholders' equity 16000000 100.0% 14000000 100.0%
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