The balance sheets for Federer Sports Apparel for 2022 and 2021 are presented below.
Required:
Prepare a vertical analysis of the balance sheet data for 2022 and 2021. Express each amount as a percentage of total assets.
FEDERER SPORTS APPAREL
Balance Sheet
December 31
2022 2021
Amount % Amount %
Assets
Cash 2,756,500 896.000
Accounts receivable 1,720,500 1,232,000
Inventory 3,367,000 2,032,000
Buildings 13,024,000 13,024,000
Less: Accumulated depreciation (2,368,000) (1,184,000)
Total assets $ 18,500,000 $ 16,000,000
Liabilities and Stockholders' Equity
Accounts payable $ 1,591,000 $ 1,792,000
Contingent liability 1,850,000
Common stock 7,696,000 7,696,000
Retained earnings 7,363,000 6,512,000
Total liabilities and
stockholders' equity $ 18,500,000 $ 16,000,000
Answers: 2
Business, 22.06.2019 14:30, 20guadalupee73248
The face of a company is often that of the lowest paid employees who meet the customers. select one: true false
Answers: 1
Business, 22.06.2019 21:30, kaitlngley2367
Which is the most compelling reason why mobile advertising is related to big data?
Answers: 1
Business, 22.06.2019 23:30, sierravick123owr441
An outside supplier has offered to sell talbot similar wheels for $1.25 per wheel. if the wheels are purchased from the outside supplier, $15,000 of annual fixed overhead could be avoided and the facilities now being used could be rented to another company for $45,000 per year. direct labor is a variable cost. if talbot chooses to buy the wheel from the outside supplier, then annual net operating income would:
Answers: 1
Business, 23.06.2019 18:00, carog24
Nicholas believes that everyone deserves a second chance, even those who get in trouble with the law. that is why he wants to be a probation officer. which educational path will most likely lead to his success? a. he should enroll in a certification program at a career college and seek a job with someone in the field. b. he should enroll in an associate’s degree program at a vocational school and seek an internship with a bailiff in a courtroom. c. he should enroll in a graduate program at a law school and spend time with a corrections officer at a jail. d. he should enroll in a bachelor’s degree program at a university and seek an apprenticeship with someone in the field.
Answers: 1
The balance sheets for Federer Sports Apparel for 2022 and 2021 are presented below.
Required:
Mathematics, 12.03.2021 19:00
Mathematics, 12.03.2021 19:00
Advanced Placement (AP), 12.03.2021 19:00
Mathematics, 12.03.2021 19:00
Mathematics, 12.03.2021 19:00
Spanish, 12.03.2021 19:00