Question: Chapter 14 Financial Statement Analysis 621 o EX 14-4 Vertical analysis of balance sheet OBJ. 1 Balance sheet data for Peacock Company on December 31,
Chapter 14 Financial Statement Analysis 621 o EX 14-4 Vertical analysis of balance sheet OBJ. 1 Balance sheet data for Peacock Company on December 31, the end of the fiscal year, are shown below. 2014 2013 Current assets $1,050,000 $ 750,000 Property, plant, and equipment 1,960,000 2,100,000 Intangible assets 490,000 150,000 Current liabilities 630,000 420,000 Long-term liabilities 1,260,000 1,200,000 Common stock 350,000 300,000 Retained earnings 1,260,000 1,080,000 Prepare a comparative balance sheet for 2014 and 2013, 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 to one decimal place. PEACOCK COMPANY Comparative Balance Sheet December 31, 2014 and 2013 2014 Amount Percent 2013 mount Percent Current assets Property, plant, and equipment Intangible assets Total assets Current liabilities Long-term liabilities Common stock Retained earnings Total liabilities and equity E1511414
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