Question

Prepare a vertical analysis for the balance sheet data given below. (Round to two decimal places.) Flowers, Inc Balance Sheet December 31, 2017 $10,000 15,600 38,000 63,600 15,000 195,000 $273600 Assets Current Assets Cash and Cash Equivalents Accounts Receivable, Net Merchandise Inventory Total Current Assets Long-term Investments Property, Plant, and Equipment, Net Total Assets Liabilities Current Liabilities Accounts Payable Notes Payable Total Current Liabdities Long-term Liabilities Total Liabilities Stockholders' Equity Common Stock Retained Eamings Total Stockholders' Equity Total Liabilities and Stockholders' Equity $8,500 1.400 9,900 54000 63,900 161,000 48.700 209.700 $273600

Answer 1

Ans. Percent of Total 3.65% 5.70% 13.89% 23.25% 5.48% 71.27% 100.00% FLOWERS INC. Vertical Analysis of Balance Sheets December 31, 2017 Amount Assets Current Assets: Cash and cash equivalents $10,000 Accounts receivable, net $15,600 Merchandise inventory $38,000 Total current assets $63,600 Long term investments $15,000 Property, plant and equipment, net $195,000 Total assets $273,600 Liabilities and Stockholder's Equity Liabilities: currentLiabilities: Accounts payable $8,500 Notes payable $1,400 Total current liabilities $9,900 Long term liabilities $54,000 Total liabilities $63,900 Stockholder's equity: Common stock $161,000 Retained earnings $48,700 Total stockholder's equity $209,700 Total liabilities and stockholder's equity $273,600 3.11% 0.51% 3.62% 19.74% 23.36% 58.85% 17.80% 76.64% 100.00%

*Explanations:
Amount is percentage from assets side (2017) =   Particular amount from assets side (2017) / Total assets (2017) * 100
Amount is percentage from liabilities side (2017) =   Particular amount from liability side (2017)/ Total liabilities and owner's equity (2017) * 100