ayton 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.
ayton 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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
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
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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