Use the financial statements for Revnik Company from Problem 13-17A to perform a vertical analysis of both the balance sheets and income statements for 2015 and 2014. Round computations to two decimal points.

In Problem 13-17A Financial statements for Revnik Company follow.

REVNIK COMPANY Balance Sheets As of December 31 2015 2014 Assets Current assets Cash 16,000 $ 12,000 Marketable securities 20,000 6,000 Accounts receivable (net) 54,000 46,000 135,000 Inventories 143,000 Prepaid items 25,000 10,000 217,000 Total current assets 250,000 Investments 27,000 270,000 20,000 255,000 Plant (net) Land 24,000 29,000 516,000 576,000 $ Total assets Liabilities and Stockholders' Equity Liabilities Current liabilities Notes payable Accounts payable Salaries payable 17,000 $ 113,800 6,000 100,000 15,000 21,000 Total current liabilities 151,800 121,000 Noncurrent liabilities Bonds payable Other 100,000 27,000 127,000 100,000 32,000 Total noncurrent liabilities 132,000 283,800 Total liabilities 248,000 Stockholders' equity Preferred stock, $10 par, 4% cumulative, non-participating: 8,000 shares authorized and issued) Common stock (No par, 50,000 shares authorized; 10,000 shares issued) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 80,000 80,000 80,000 80,000 132,200 292,200 2$ 108,000 268,000 576,000 $ 516,000