Question: Please give me a complete answer?thank you very much :) 1. 2? Prepare a vertical analysis of both the balance sheets and income statements for
Please give me a complete answer?thank you very much :)
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Prepare a vertical analysis of both the balance sheets and income statements for 2015 and 2014 (Percentages may not add exactly due to rounding. Round your answers to 2 decimal places. (i.e., 2345 should be entered as 23.45).) REVNIK COMPANY Vertical Analysis of Balance Sheet As of December 31 2015 2014 Percentage of Amount Amount Amount Percentage of Assets Current assets Cash Marketable securities Accounts receivable (net) Inventories Prepaid items 2.76% $ 12.200 20,300 54,900 136,400 26,300 254,000 27,200 271,200 30,700 329,100 $ 583,100 8,000 47,300 144,400 10,400 222,300 23.39 Total current assets Investments Plant (net) 42.37 46.51 256,300 25,000 302,400 100.00 $524,700 Total long-term assets 56.44 57.63 100.00 Total assets Liabilities les Notes payable Accounts payable Salaries payable $15,500 113,000 20,900 149,400 2.66 $ 5,400 98,400 Total current liabilities 118,500 22.58 Non current liabilities Bonds payable Other revenues 98,900 30,300 129,200 278,600 98,900 26,500 25,400 243,900 16.96 18.85 Total noncurrent liabilities Total liabilities 47.78 46.48 Stockholders' equity Preferred stock. (par value $10.4% cumulative 62,000 62,000 180,500 304,500 $ 583,100 62,000 62,000 156,800 280,800 100.00% $ 524.700 10.63 10.63 30.96 52.22 non-participating: 6,200 shares authorized andissued) Common stock (No par, 50,000 shares authorized; 10,000 shares issued) Retained earnings 29.88 Total stockholders' equity Total liabilities and stockholders' equity 100.00%
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