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Required Prepare a vertical analysis of both the balance sheetsand income statements for 2019 and 2018. ? Analysis Bal SheetAnalysis Inc Stmt ? Complete this question by entering your answersin the tabs below. Prepare a vertical analysis of the balancesheets for 2019 and 2018. (Percentages may not add exactly due torounding. Round your answers to 2 decimal places. (i.e., .23 shouldbe entered as 23.45).) Analysis Bal Sheet Analysis Inc Stmt $ $ $ $$ $ $ $ MUNOZ COMPANY Vertical Analysis of Balance Sheets 2019 2018Amount Percentage of Total Amount Percentage of Total

Assets

Current assets

Cash 16,900 2.95 % 13,900 %

Marketable securities 21,600 7,500

Accounts receivable (net) 56,000 46,600

Inventories 135,600 143,600

Prepaid items 25,900 11,600

Total current assets 256,000 223,200

Investments 27,000 21,100

Plant (net) 271,400 255,900

Land 29,300 25,800

Total long-term assets 327,700 302,800

Total assets 583,700 526,000

Liabilities and stockholders' equity

Liabilities

Current liabilities

Notes payable 16,800 4,200

Accounts payable 113,600 99,800

Salaries payable 19,100 13,900

Total current liabilities 149,500 117,900

Noncurrent liabilities

Bonds payable 99,400 99,400

Other 30,800 26,900

Total noncurrent liabilities 130,200 126,300

Total liabilities 279,700 244,200

Stockholders' equity

Preferred stock (par value $10, 4% cumulative, nonparticipating;6,000 shares authorized and issued 6)0,000 60,000

Common stock (no par; 50,000 shares authorized; 10,000 sharesissued) 60,000 60,000

Retained earnings 184,000 161,800

Total stockholders' equity 304,000 281,800

Total liabilities & stockholders’ equity 583,700 % 526,000%

I need 2019 percentages of sale which is first. Then 2018percentage of sale which is the row of second numbers (goingdown).

Required Prepare a vertical analysis of both the balance sheetsand income statements for 2019 and 2018. ? Analysis Bal SheetAnalysis Inc Stmt ? Complete this question by entering your answersin the tabs below. Prepare a vertical analysis of an incomestatements for 2019 and 2018. (Percentages may not add exactly dueto rounding. Round your answers to 2 decimal places. (i.e., .2345should be entered as 23.45).) Analysis Bal Sheet Analysis Inc Stmt$ $ $ $ MUNOZ COMPANY Vertical Analysis of Income Statements 20192018 Amount Percentage of Sales Amount Percentage of Sales

Revenues Sales (net) 230,800 % 211,700 %

Other revenues 8,800 5,900

Total revenues 239,600 217,600

Expenses

Cost of goods sold 119,200 102,400 Selling, general, andadministrative expense 53,800 49,500

Interest expense 7,000 6,200

Income tax expense 23,000 22,000

Total expenses 203,000 180,100

Net income 36,600 % 37,500 %

I need 2019 percentages of sale which is first. Then 2018percentage of sale which is the row of second numbers (goingdown).

Answer & Explanation Solved by verified expert
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MUNOZ COMPANY
COMPARATIVE BALANCE SHEET ANALYSIS
FOR THE YEAR ENDED 31 DEC. 2019 AND 2019
2019 2018
Assets: Amount-$ (%) Amount-$ (%)
Current Assets
Cash 16,900 2.90 13,900 2.64
Marketable Securities 21,600 3.70 7,500 1.43
Account Receivable-Net 56,000 9.59 46,600 8.86
Inventories 135,600 23.23 143,600 27.30
Prepaid Items 25,900 4.44 11,600 2.20
Total Current Assets 256,000 43.86 223,200 42.43
Investment 27,000 4.62 21,100 4.01
Plant-Net 271,400 46.50 255,900 48.65
Land 29,300 5.02 25,800 4.90
Total Long Term Assets 327,700 56.14 302,800 57.57
Total Assets 583,700 100 526,000 100.00
Laibilities
Current Liabilities
Notes Payable 16,800 2.88 4,200 0.80
Account Payable 113,600 19.46 99,800 18.97
Salaries Payable 19,100 3.27 13,900 2.64
Total Current Liabilities 149,500 25.61 117,900 22.41
Non Current Liabilities
Bonds Payable 99,400 17.03 99,400 18.90
Others 30,800 5.28 26,900 5.11
Total Non-Current Liabilities 130,200 22.31 126,300 24.01
Total Liabilities 279,700 47.92 244,200 46.42
Stockholders' Equity
Pref. Stock,(PV$10) 4% Cum. NP 60,000 10.28 60,000 11.41
Common Stock- 10,000 CS Issued 60,000 10.28 60,000 11.41
Retained Earning 184,000 31.52 161,800 30.76
Total Stockholders' Equity 304,000 52.08 281,800 53.58
Total Liab & Stockholders' Equity 583,700 100 526,000 100.00
MUNOZ COMPANY
CPMPARATIVE INCOME STATEMENT ANALYSIS
FOR THE YEAR ENDED 31 DEC. 2019 AND 2019
2019 2018
Amount-$ (%) Amount-$ (%)
Sales Revenue-Net 230,800 100 211,700 100
Other Revenue 8,800 3.81 5,900 2.79
Total Revenues 239,600 103.81 217,600 102.79
Expenses:
Cost of Goods Sold 119,200 51.65 102,400 48.37
Selling, Gen & Adm. Expense 53,800 23.31 49,500 23.38
Interest Expense 7,000 3.03 6,200 2.93
Tax Expenses 23,000 9.96 22,000 10.39
Total Expense 203,000 87.95 180,100 85.07
Net Income 36,600 15.86 37,500 17.72

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