Homework Help is Here – Start Your Trial Now!
Business
Accounting
Required 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 Bal Analysis Inc Sheet 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).) ALLENDALE COMPANY Vertical Analysis of Balance Sheets Year 4 Year 3 Amount Amount Assets Current assets Cash $ 40,000 %$ 36,000 Marketable securities 20,000 6,000 Accounts receivable (net) 54,000 46,000 Inventories 135,000 143,000 Prepaid items 25,000 10,000 Total current assets 274,000 241,000 27,000 20,000 270,000 255,000 29,000 24,000 Total long-term assets 326,000 299,000 Total assets $ 600,000 $ 540,000 Liabilities and stockholders' equity Liabilities Current liabilities Notes payable $ 17,000 $ 6,000 Accounts payable 113,800 100,000 Salaries payable 21,000 15,000 151,800 121,000 Noncurrent liabilities Bonds payable 100,000 100,000 Other 32,000 27,000 132,000 127,000 283,800 248,000 80,000 80,000 80,000 80,000 156,200 132,000 316,200 292,000 $ 600,000 % $540,000 Analysis Inc Stmt > Investments Plant (net) Land Total current liabilities Total noncurrent liabilities Total liabilities Stockholders' equity Preferred stock (par value $10, 4% cumulative, nonparticipating; 8,000 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 < Analysis Bal Sheet % Total % Total % %

Required 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 Bal Analysis Inc Sheet 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).) ALLENDALE COMPANY Vertical Analysis of Balance Sheets Year 4 Year 3 Amount Amount Assets Current assets Cash $ 40,000 %$ 36,000 Marketable securities 20,000 6,000 Accounts receivable (net) 54,000 46,000 Inventories 135,000 143,000 Prepaid items 25,000 10,000 Total current assets 274,000 241,000 27,000 20,000 270,000 255,000 29,000 24,000 Total long-term assets 326,000 299,000 Total assets $ 600,000 $ 540,000 Liabilities and stockholders' equity Liabilities Current liabilities Notes payable $ 17,000 $ 6,000 Accounts payable 113,800 100,000 Salaries payable 21,000 15,000 151,800 121,000 Noncurrent liabilities Bonds payable 100,000 100,000 Other 32,000 27,000 132,000 127,000 283,800 248,000 80,000 80,000 80,000 80,000 156,200 132,000 316,200 292,000 $ 600,000 % $540,000 Analysis Inc Stmt > Investments Plant (net) Land Total current liabilities Total noncurrent liabilities Total liabilities Stockholders' equity Preferred stock (par value $10, 4% cumulative, nonparticipating; 8,000 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 < Analysis Bal Sheet % Total % Total % %

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 89PSB
See similar textbooks
icon
Related questions
Question
Required 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 Bal Analysis Inc Sheet 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).) ALLENDALE COMPANY Vertical Analysis of Balance Sheets Year 4 Year 3 Amount Amount Assets Current assets Cash $ 40,000 $36,000 Marketable securities 20,000 6,000 Accounts receivable (net) 54,000 46,000 Inventories 135,000 143,000 Prepaid items 25,000 10,000 Total current assets 274,000 241,000 27,000 20,000 270,000 255,000 29,000 24,000 Total long-term assets 326,000 299,000 Total assets $ 600,000 $540,000 Liabilities and stockholders' equity Liabilities Current liabilities Notes payable $ 17,000 $ 6,000 Accounts payable 113,800 100,000 Salaries payable 21,000 15,000 151,800 121,000 100,000 100,000 32,000 27,000 132,000 127,000 283,800 248,000 80,000 80,000 80,000 80,000 156,200 132,000 316,200 292,000 $ 600,000 % $540,000 Analysis Inc Stmt > Investments Plant (net) Land Total current liabilities Total noncurrent liabilities Total liabilities Stockholders' equity Preferred stock (par value $10, 4% cumulative, nonparticipating; 8,000 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 Noncurrent liabilities Bonds payable Other < Analysis Bal Sheet % Total % % Total % %
Transcribed Image Text:Required 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 Bal Analysis Inc Sheet 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).) ALLENDALE COMPANY Vertical Analysis of Balance Sheets Year 4 Year 3 Amount Amount Assets Current assets Cash $ 40,000 $36,000 Marketable securities 20,000 6,000 Accounts receivable (net) 54,000 46,000 Inventories 135,000 143,000 Prepaid items 25,000 10,000 Total current assets 274,000 241,000 27,000 20,000 270,000 255,000 29,000 24,000 Total long-term assets 326,000 299,000 Total assets $ 600,000 $540,000 Liabilities and stockholders' equity Liabilities Current liabilities Notes payable $ 17,000 $ 6,000 Accounts payable 113,800 100,000 Salaries payable 21,000 15,000 151,800 121,000 100,000 100,000 32,000 27,000 132,000 127,000 283,800 248,000 80,000 80,000 80,000 80,000 156,200 132,000 316,200 292,000 $ 600,000 % $540,000 Analysis Inc Stmt > Investments Plant (net) Land Total current liabilities Total noncurrent liabilities Total liabilities Stockholders' equity Preferred stock (par value $10, 4% cumulative, nonparticipating; 8,000 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 Noncurrent liabilities Bonds payable Other < Analysis Bal Sheet % Total % % Total % %
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Income Statement Analysis
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS