Payton Company has the following segment revenues for the two most recent fiscal years.SegmentCurrent Year (in millions)Prior Year (in millions)China$775.00$650.00Canada325.50245.50Other countries215.50168.50 Total revenues$1,316.00$1,064.00 Required: Prepare a vertical analysis of the segment data. Calculate the percentage to four decimal places, then round your answer to one decimal place.

Answered: ayton Company has the following segment…

Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter5: Accounting Systems

Section: Chapter Questions

Problem 25E

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Payton Company has the following segment revenues for the two most recent fiscal years.

Segment	Current Year (in millions)	Prior Year (in millions)
China	$775.00	$650.00
Canada	325.50	245.50
Other countries	215.50	168.50
Total revenues	$1,316.00	$1,064.00

Required:

Prepare a vertical analysis of the segment data. Calculate the percentage to four decimal places, then round your answer to one decimal place.

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Vertical analysis is an approach for analysis which shows how much percent out of total is part of a particular segment.

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