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Sevignys Salon, Inc Comparative Balance Sheet December 31, 2019 and 2018 2019 2018 Assets Cash Accounts Receivable Supplies S 18,059 S 1,700 170 4,900 (608) S 24,221 S 11,000 400 160 1,300 (99) 12,761 quipment (Less Accumulated Depreciation) Total Assets Liabilities Accounts Payable Notes Payable (long-term) 850 1,300 5,000 3,000 Stockholders equity Common Stock Retained Earnings Total Liabilities and Stockholders Equity 4,893 15,478 S 24,221 S 893 5.568 12,761

Use the above comparative balance sheet to answer the following question:

Requirement 2. Prepare a vertical analysis of the balance sheet for Sevignys Salon, Inc. (Use a minus sign or parentheses fora decrease. Round percentages to one tenth of a percent, XX%.) Sevignys Salon, Inc. Comparative Balance Sheet Vertical Analysis December 31, 2019 and 2018 2019 Percentage 2018 Percentage Assets Cash Accounts receivable Supplies Equipment Less: Accumulated depreciation Total assets s 18,059% S 11,000 400 160 1,300 (99) S 12,761 1,700 170 4,900 (608) $ 24,221 Liabilities Accounts payable Notes payable (long-term) 850 3,000 %|$ 1,300 5,000 Stockholders equity Common stock Retained earnings Total liabilities and stockholders equity 4,893 15.478 S 24,221 893 5.568 $ 12,761

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Sevignys salon, Inc. Comparative Balance sheet- Vertical Analysis December 31, 2019 and 2018 2019 Percentage2018 Pe Percentage Assets Cash Accounts receivable Supplies Equipment Less: Accumulated depreciation Total assets 18,059 1,700 170 4900 608 24,221 74.6 7.0 0.7 20.2 2.5 100 11,000 400 160 1,300 86.2 3.1 1.3 10.2 0.8 100 12,761 Liabilities Accounts payable 3.5 12.4 1,300 5,000 850 10.2 39.2 Notes payable (long term) 3,000 Stockholders equity Common stock Retained earnings Total liabilities and stockholders equity 4,893 15,478 24,221 20.2 63.9 100 893 5,568 12,761 7.0 43.6 100

Comparative Balance sheet of vertical analysis gives a clear picture of percentage change in various assets and liabilities.

In order to know the values in percentage, Total assets should consider as 100% and each value should compare with it. fpr example : Total asses = 24,221 which is equal to 100% and value of cash is 18,059 then 18,059 / 24,221 *100 = 74.6%.

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