Use the following financial information to prepare a balance sheet with vertical analysis as of October...

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Use the following financial information to prepare a balance sheet with vertical analysis as of October 31, 2017, for Sticks & Stones Builders Mart: cash, $45,260; accounts receivable, $267,580; merchandise inventory, $213,200; prepaid expenses, $13,400; supplies, $5,300; land, $87,600; building, $237,200; equipment, $85,630; vehicles, $54,700; computers, $31,100; investments, $53,100; accounts payable, $43,200; salaries payable, $16,500; notes payable (6-month), $102,400; mortgage payable, $124,300; notes payable (3-year), $200,000; common stock, $422,000; and retained earnings, $185,670. Sticks & Stones Builders Mart Balance Sheet As of October 31, 2017 b.The following financial information is for Sticks & Stones Builders Mart as of October 31, 2018. Prepare a comparative balance sheet with horizontal analysis for 2017 and 2018: cash, $47,870; accounts receivable, $251,400; merchandise inventory, $223,290; prepaid expenses, $8,500; supplies, $6,430; land, $87,600; building, $234,500; equipment, $88,960; vehicles, $68,800; computers, $33,270; investments, $55,640; accounts payable, $48,700; salaries payable, $9,780; notes payable (6-month), $96,700; mortgage payable, $121,540; notes payable (3-year), $190,000; common stock, $450,000; and retained earnings, $189,540. Use the following financial information to prepare a balance sheet with vertical analysis as of October 31, 2017, for Sticks & Stones Builders Mart: cash, $45,260; accounts receivable, $267,580; merchandise inventory, $213,200; prepaid expenses, $13,400; supplies, $5,300; land, $87,600; building, $237,200; equipment, $85,630; vehicles, $54,700; computers, $31,100; investments, $53,100; accounts payable, $43,200; salaries payable, $16,500; notes payable (6-month), $102,400; mortgage payable, $124,300; notes payable (3-year), $200,000; common stock, $422,000; and retained earnings, $185,670. Sticks & Stones Builders Mart Balance Sheet As of October 31, 2017 b.The following financial information is for Sticks & Stones Builders Mart as of October 31, 2018. Prepare a comparative balance sheet with horizontal analysis for 2017 and 2018: cash, $47,870; accounts receivable, $251,400; merchandise inventory, $223,290; prepaid expenses, $8,500; supplies, $6,430; land, $87,600; building, $234,500; equipment, $88,960; vehicles, $68,800; computers, $33,270; investments, $55,640; accounts payable, $48,700; salaries payable, $9,780; notes payable (6-month), $96,700; mortgage payable, $121,540; notes payable (3-year), $190,000; common stock, $450,000; and retained earnings, $189,540. Use the following financial information to prepare a balance sheet with vertical analysis as of October 31, 2017, for Sticks & Stones Builders Mart: cash, $45,260; accounts receivable, $267,580; merchandise inventory, $213,200; prepaid expenses, $13,400; supplies, $5,300; land, $87,600; building, $237,200; equipment, $85,630; vehicles, $54,700; computers, $31,100; investments, $53,100; accounts payable, $43,200; salaries payable, $16,500; notes payable (6-month), $102,400; mortgage payable, $124,300; notes payable (3-year), $200,000; common stock, $422,000; and retained earnings, $185,670. Sticks & Stones Builders Mart Balance Sheet As of October 31, 2017 b.The following financial information is for Sticks & Stones Builders Mart as of October 31, 2018. Prepare a comparative balance sheet with horizontal analysis for 2017 and 2018: cash, $47,870; accounts receivable, $251,400; merchandise inventory, $223,290; prepaid expenses, $8,500; supplies, $6,430; land, $87,600; building, $234,500; equipment, $88,960; vehicles, $68,800; computers, $33,270; investments, $55,640; accounts payable, $48,700; salaries payable, $9,780; notes payable (6-month), $96,700; mortgage payable, $121,540; notes payable (3-year), $190,000; common stock, $450,000; and retained earnings, $189,540. Use the following financial information to prepare a balance sheet with vertical analysis as of October 31, 2017, for Sticks & Stones Builders Mart: cash, $45,260; accounts receivable, $267,580; merchandise inventory, $213,200; prepaid expenses, $13,400; supplies, $5,300; land, $87,600; building, $237,200; equipment, $85,630; vehicles, $54,700; computers, $31,100; investments, $53,100; accounts payable, $43,200; salaries payable, $16,500; notes payable (6-month), $102,400; mortgage payable, $124,300; notes payable (3-year), $200,000; common stock, $422,000; and retained earnings, $185,670. Sticks & Stones Builders Mart Balance Sheet As of October 31, 2017 b.The following financial information is for Sticks & Stones Builders Mart as of October 31, 2018. Prepare a comparative balance sheet with horizontal analysis for 2017 and 2018: cash, $47,870; accounts receivable, $251,400; merchandise inventory, $223,290; prepaid expenses, $8,500; supplies, $6,430; land, $87,600; building, $234,500; equipment, $88,960; vehicles, $68,800; computers, $33,270; investments, $55,640; accounts payable, $48,700; salaries payable, $9,780; notes payable (6-month), $96,700; mortgage payable, $121,540; notes payable (3-year), $190,000; common stock, $450,000; and retained earnings, $189,540.

Answer rating: 100% (QA)

Calculate the vertical analysis for the Balance Sheets of Sticks Stones Builders Mart as of October 31 2017 and October 31 2018 Vertical Analysis Octo... View the full answer