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 FANNING COMPANY Vertical Analysis of Balance Sheets Year 4 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; 6,700 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 $ 16,300 20,800 54,500 136,000 25,900 253,500 27,900 270,500 29,700 328,100 $ 581,600 $ 15,500 113,600 20,100 149,200 98,900 31,800 130,700 279,900 67,000 67,000 167,700 301,700 $ 581,600 Percentage of Total % % Year 3 Amount $ 13,100 7,200 46,600 143,700 11,400 222,000 21,000 256,100 25,900 303,000 $ 525,000 $ 4,400 99,200 14,100 117,700 98,900 26,200 125,100 242,800 67,000 67,000 148,200 282,200 $ 525,000 Percentage of Total % % Show less
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 FANNING COMPANY Vertical Analysis of Balance Sheets Year 4 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; 6,700 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 $ 16,300 20,800 54,500 136,000 25,900 253,500 27,900 270,500 29,700 328,100 $ 581,600 $ 15,500 113,600 20,100 149,200 98,900 31,800 130,700 279,900 67,000 67,000 167,700 301,700 $ 581,600 Percentage of Total % % Year 3 Amount $ 13,100 7,200 46,600 143,700 11,400 222,000 21,000 256,100 25,900 303,000 $ 525,000 $ 4,400 99,200 14,100 117,700 98,900 26,200 125,100 242,800 67,000 67,000 148,200 282,200 $ 525,000 Percentage of Total % % Show less
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter4: The Balance Sheet And The Statement Of Shareholders' Equity
Section: Chapter Questions
Problem 16P: Ratios Analyses: McCormick Refer to the information for McCormick above. Additional information for...
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Transcribed Image Text: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
FANNING 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; 6,700
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
$
16,300
20,800
54,500
136,000
25,900
253,500
27,900
270,500
29,700
328,100
$
581,600
$
15,500
113,600
20,100
149,200
98,900
31,800
130,700
279,900
67,000
67,000
167,700
301,700
$
581,600
< Analysis Bal Sheet
Percentage
of Total
%
%
Year 3
Amount
$
13,100
7,200
46,600
143,700
11,400
222,000
21,000
256,100
25,900
303,000
$
525,000
$ 4,400
99,200
14,100
117,700
98,900
26,200
125,100
242,800
67,000
67,000
148,200
282,200
$
525,000
Percentage
of Total
Analysis Inc Stmt >
%
%
Show less
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