Question

prepare a vertical analysis of the balance sheet data for 2022 and 2021. express each amount...

prepare a vertical analysis of the balance sheet data for 2022 and 2021. express each amount as a percentage of total assets. cash 2300000 % 800000 %... accounts receivable 1500000 % 1200000 %... inventory 2800000 % 1700000 %... buildings 11000000 % 11000000 %.... less:accumulated depreciation (2000000) % (1000000) %... total assets 15600000 100 13700000 100... accounts payable 1450000 % 1700000 %... contingent liability 1500000 % 0.0.... common stock 8000000 % 8000000 %... retained earnings 4650000 % 4000000 %.... total liabilities and stockholders equity 15600000 100.0 13700000 100.0

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Answer #1
Amount % Amount %
Assets
Cash 2300000 14.7% 800000 5.8%
Accounts receivable 1500000 9.6% 1200000 8.8%
Inventory 2800000 17.9% 1700000 12.4%
Buildings 11000000 70.5% 11000000 80.3%
Less: Accumulated depreciation (2000000) (12.8)% (1000000) (7.3)%
Total assets 15600000 100.0% 13700000 100.0%
Liabilities and Stockholders' Equity
Accounts payable 1450000 9.3% 1700000 12.4%
Contingent liability 1500000 9.6% 0 0.0%
Common stock 8000000 51.3% 8000000 58.4%
Retained earnings 4650000 29.8% 4000000 29.2%
Total liabilities and stockholders’ equity 15600000 100.0% 13700000 100.0%
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