Exercise 12-4 (Algo) Prepare vertical and horizontal analyses (LO12-1, 12-2) [The following information applies to the questions displayed below.] The balance sheets for Federer Sports Apparel for 2025 and 2024 are presented below. Exercise 12-4 (Algo) Part 1 Required: 1. Prepare a vertical analysis of the balance sheet data for 2025 and 2024. Express each amount as a percentage of tota assets. (Amounts to be deducted should be indicated by a minus sign. Round your answers to 1 decimal place.) Assets Cash Accounts receivable Inventory Buildings Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Contingent liability Common stock Retained earnings Total liabilities and stockholders' equity FEDERER SPORTS APPAREL Balance Sheet December 31 $ Amount 2025 $ 3,045,000 1,743,000 3,045,000 15,561,000 (2,394,000) $ 21,000,000 1,827,000 1,827,000 8,778,000 8,568,000 $ 21,000,000 % S Amount 988,000 1,368,000 2,280,000 15,561,000 (1,197,000) $ 19,000,000 S 2024 2,337,000 1,180,000 8,778,000 6,705,000 $ 19,000,000 %
Exercise 12-4 (Algo) Prepare vertical and horizontal analyses (LO12-1, 12-2) [The following information applies to the questions displayed below.] The balance sheets for Federer Sports Apparel for 2025 and 2024 are presented below. Exercise 12-4 (Algo) Part 1 Required: 1. Prepare a vertical analysis of the balance sheet data for 2025 and 2024. Express each amount as a percentage of tota assets. (Amounts to be deducted should be indicated by a minus sign. Round your answers to 1 decimal place.) Assets Cash Accounts receivable Inventory Buildings Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Contingent liability Common stock Retained earnings Total liabilities and stockholders' equity FEDERER SPORTS APPAREL Balance Sheet December 31 $ Amount 2025 $ 3,045,000 1,743,000 3,045,000 15,561,000 (2,394,000) $ 21,000,000 1,827,000 1,827,000 8,778,000 8,568,000 $ 21,000,000 % S Amount 988,000 1,368,000 2,280,000 15,561,000 (1,197,000) $ 19,000,000 S 2024 2,337,000 1,180,000 8,778,000 6,705,000 $ 19,000,000 %
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 89PSA
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