FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Payton Company has the following segment revenues for the two most recent fiscal years.
Segment Current Year (in millions) Prior Year (in millions)
China $775.00 $650.00
Canada 325.50 245.50
Other countries 215.50 168.50
 Total revenues $1,316.00 $1,064.00
 
Required:
  Prepare a vertical analysis of the segment data. Calculate the percentage to four decimal places, then round your answer to one decimal place.
Expert Solution
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Step 1

Vertical analysis is an approach for analysis which shows how much percent out of total is part of a particular segment.

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