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Required information Exercise 12-4B Prepare vertical and horizontal analyses (LO12-1, 12-2)...

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Accounting

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Required information Exercise 12-4B Prepare vertical and horizontal analyses (LO12-1, 12-2) (The following information applies to the questions displayed below.] The balance sheets for Company A for Year 2 and Year 1 are presented below. Exercise 12-4B Part 1 Required: 1. Prepare a vertical analysis of the balance sheet data for Year 2 and Year 1. Express each amount as a percentage of total d should be indicated by a minus sign. Round your answers to 1 decimal place.) COMPANY A Balance Sheet December 31 Year 2 Amount Year 1 % Amount 1 Assets Cash Accounts receivable Inventory Buildings Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Contingent liability Common stock Retained earnings Total liabilities and stockholders' equity $ 1,692,000 1 1,164,000 2,424,000 8,280,000 (1,560,000)| $ 12,000,000 $ 500,000 800,000 1,200,000 8,280,000 (780,000) $ 10,000,000 $ 1,000,000 $ 1,128,000 1,176,000 5,520,000 4,176,000 $ 12,000,000 5,520,000 3.480,000 10,000,000 $

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