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Prepare a vertical analysis of both the balance sheets and income statements for Year 4 and Year 3. Complete this question by entering your answers in the tabs below. Analysis Analysis Bal Sheet Inc Stmt Prepare a vertical analysis of the balance sheets for Year 4 and Year 3. (Percentages may not add exactly due to rounding. Round your answers to 2 decimal places. (i.e., .2345 should be entered as 23.45).) Assets Current assets Cash Marketable securities Accounts receivable (net) Inventories Prepaid items RUNDLE COMPANY Vertical Analysis of Balance Sheets Year 4 Total current assets Investments Plant (net) Land Total long-term assets Total assets Liabilities and stockholders' equity Liabilities Current liabilities Notes payable Accounts payable Salaries payable Total current liabilities Noncurrent liabilities Bonds payable Other Total noncurrent liabilities Total liabilities Stockholders' equity Preferred stock (par value $10, 4% cumulative, nonparticipating; 7,200 shares authorized and issued) Common stock (no par; 50,000 shares authorized; 10,000 shares issued) Retained earnings Total stockholders' equity Total liabilities & stockholders' equity Amount $ 17,800 20,700 56,000 135,100 26,200 255,800 27,200 270,900 29,900 328,000 $ 583,800 $ 16,400 111,900 19,900 148,200 99,600 32,000 131,600 279,800 72,000 72,000 160,000 304,000 $ 583,800 Percentage of Total % % Amount $ Year 3 Percentage of Total 13,400 7,600 47,000 144,300 10,800 223,100 21,300 255,600 26,000 302,900 $ 526,000 SE $ 5,700 99,500 13,300 118,500 99,600 26,500 126,100 244,600 72,000 72,000 137,400 281,400 $ 526,000 % % Show less

Prepare a vertical analysis of both the balance sheets and income statements for Year 4 and Year 3. Complete this question by entering your answers in the tabs below. Analysis Analysis Bal Sheet Inc Stmt Prepare a vertical analysis of the balance sheets for Year 4 and Year 3. (Percentages may not add exactly due to rounding. Round your answers to 2 decimal places. (i.e., .2345 should be entered as 23.45).) Assets Current assets Cash Marketable securities Accounts receivable (net) Inventories Prepaid items RUNDLE COMPANY Vertical Analysis of Balance Sheets Year 4 Total current assets Investments Plant (net) Land Total long-term assets Total assets Liabilities and stockholders' equity Liabilities Current liabilities Notes payable Accounts payable Salaries payable Total current liabilities Noncurrent liabilities Bonds payable Other Total noncurrent liabilities Total liabilities Stockholders' equity Preferred stock (par value $10, 4% cumulative, nonparticipating; 7,200 shares authorized and issued) Common stock (no par; 50,000 shares authorized; 10,000 shares issued) Retained earnings Total stockholders' equity Total liabilities & stockholders' equity Amount $ 17,800 20,700 56,000 135,100 26,200 255,800 27,200 270,900 29,900 328,000 $ 583,800 $ 16,400 111,900 19,900 148,200 99,600 32,000 131,600 279,800 72,000 72,000 160,000 304,000 $ 583,800 Percentage of Total % % Amount $ Year 3 Percentage of Total 13,400 7,600 47,000 144,300 10,800 223,100 21,300 255,600 26,000 302,900 $ 526,000 SE $ 5,700 99,500 13,300 118,500 99,600 26,500 126,100 244,600 72,000 72,000 137,400 281,400 $ 526,000 % % Show less

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Prepare a vertical analysis of both the balance sheets and income statements for Year 4 and Year 3. Complete this question by entering your answers in the tabs below. Analysis Analysis Bal Sheet Inc Stmt Prepare a vertical analysis of the balance sheets for Year 4 and Year 3. (Percentages may not add exactly due to rounding. Round your answers to 2 decimal places. (i.e., .2345 should be entered as 23.45).) Assets Current assets Cash Marketable securities Accounts receivable (net) Inventories Prepaid items Total current assets Investments RUNDLE COMPANY Vertical Analysis of Balance Sheets Year 4 Plant (net) Land Total long-term assets Total assets Liabilities and stockholders' equity Liabilities Current liabilities Notes payable Accounts payable Salaries payable Total current liabilities. Noncurrent liabilities Bonds payable Other Total noncurrent liabilities Total liabilities Stockholders' equity Preferred stock (par value $10, 4% cumulative, nonparticipating; 7,200 shares authorized and issued) Common stock (no par; 50,000 shares authorized; 10,000 shares issued) Retained earnings Total stockholders' equity Total liabilities & stockholders' equity Amount $ 17,800 20,700 56,000 135,100 26,200 255,800 27,200 270,900 29,900 328,000 $ 583,800 $ 16,400 111,900 19,900 148,200 99,600 32,000 131,600 279,800 72,000 72,000 160,000 304,000 $ 583,800 Percentage of Total % % Year 3 Percentage of Total Amount $ 13,400 7,600 47,000 144,300 10,800 223,100 21,300 255,600 26,000 302,900 $ 526,000 $ 5,700 99,500 13,300 118,500 99,600 26,500 126,100 244,600 72,000 72,000 137,400 281,400 $ 526,000 % % Show less
Transcribed Image Text:Prepare a vertical analysis of both the balance sheets and income statements for Year 4 and Year 3. Complete this question by entering your answers in the tabs below. Analysis Analysis Bal Sheet Inc Stmt Prepare a vertical analysis of the balance sheets for Year 4 and Year 3. (Percentages may not add exactly due to rounding. Round your answers to 2 decimal places. (i.e., .2345 should be entered as 23.45).) Assets Current assets Cash Marketable securities Accounts receivable (net) Inventories Prepaid items Total current assets Investments RUNDLE COMPANY Vertical Analysis of Balance Sheets Year 4 Plant (net) Land Total long-term assets Total assets Liabilities and stockholders' equity Liabilities Current liabilities Notes payable Accounts payable Salaries payable Total current liabilities. Noncurrent liabilities Bonds payable Other Total noncurrent liabilities Total liabilities Stockholders' equity Preferred stock (par value $10, 4% cumulative, nonparticipating; 7,200 shares authorized and issued) Common stock (no par; 50,000 shares authorized; 10,000 shares issued) Retained earnings Total stockholders' equity Total liabilities & stockholders' equity Amount $ 17,800 20,700 56,000 135,100 26,200 255,800 27,200 270,900 29,900 328,000 $ 583,800 $ 16,400 111,900 19,900 148,200 99,600 32,000 131,600 279,800 72,000 72,000 160,000 304,000 $ 583,800 Percentage of Total % % Year 3 Percentage of Total Amount $ 13,400 7,600 47,000 144,300 10,800 223,100 21,300 255,600 26,000 302,900 $ 526,000 $ 5,700 99,500 13,300 118,500 99,600 26,500 126,100 244,600 72,000 72,000 137,400 281,400 $ 526,000 % % Show less
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