Vertical Analysis of Balance Sheets Consolidated balance sheets for Winged Manufacturing follow. Winged Manufacturing Consolidated Balance Sheets (dollars in thousands) December 31 ASSETS 2023 2023 Current assets: Cash and cash equivalents $1,203,488 $676,413 Short-term investments 54,368 215,890 Accounts receivable, net of allowance for doubtful accounts of $90,992 ($83,776 in 2022) 1,581,347 1,381,946 Inventories 1,088,434 1,506,638 Deferred tax assets 293,048 268,085 Other current assets 255,767 289,383 Total current assets $4,476,452 $4,338,355 Property, plant, and equipment: Land and buildings $484,592 $404,688 Machinery and equipment 572,728 578,272 Office furniture and equipment 158,160 167,905 Leasehold improvements 236,708 261,792 $1,452,188 $1,412,657 Accumulated depreciation and amortization (785,088) (753,111) Net property, plant, and equipment $667,100 $659,546 Other assets 159,194 173,511 Total assets $5,302,746 $5,171,412 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Short-term borrowings $292,200 $823,182 Accounts payable 881,717 742,622 Accrued compensation and employee benefits 136,895 144,779 Accrued marketing and distribution 178,294 174,547 Accrued restructuring costs 58,238 307,932 Other current liabilities 396,961 315,023 Total current liabilities $1,944,305 $2,508,085 Long-term debt 304,472 7,117 Deferred tax liabilities 670,668 629,832 Total liabilities $2,919,445 $3,145,034 Stockholders’ equity: Common stock, no par value: 320,000,000 shares authorized; 119,542,527 shares issued and outstanding in 2023 (116,147,035 shares in 2022) $297,929 $203,613 Retained earnings 2,096,206 1,842,600 Accumulated translation adjustment (10,834) (19,835) Total stockholders’ equity $2,383,301 $2,026,378 Total liabilities and stockholders’ equity $5,302,746 $5,171,412 Required: Question Content Area 1. Prepare common size balance sheets for vertical analysis. Enter your answers in percentage terms, rounded to two decimal places, and do not include the "%" sign with your answer. For example, "100.00" or "28.72". For those boxes in which underlying dollar amount is shown as negative, use a minus sign. You do not need to include the actual dollar amounts shown above. Total current assets fill in the blank 4345af08e053f8c_13% fill in the blank 4345af08e053f8c_14% Property, plant, and equipment: Land and buildings fill in the blank 4345af08e053f8c_15% fill in the blank 4345af08e053f8c_16% Machinery and equipment fill in the blank 4345af08e053f8c_17% fill in the blank 4345af08e053f8c_18% Office furniture and equipment fill in the blank 4345af08e053f8c_19% fill in the blank 4345af08e053f8c_20% Leasehold improvements fill in the blank 4345af08e053f8c_21% fill in the blank 4345af08e053f8c_22% fill in the blank 4345af08e053f8c_23% fill in the blank 4345af08e053f8c_24% Accumulated depreciation and amortization fill in the blank 4345af08e053f8c_25% fill in the blank 4345af08e053f8c_26% Net property, plant, and equipment fill in the blank 4345af08e053f8c_27% fill in the blank 4345af08e053f8c_28% Other assets fill in the blank 4345af08e053f8c_29% fill in the blank 4345af08e053f8c_30% Total assets fill in the blank 4345af08e053f8c_31% fill in the blank 4345af08e053f8c_32%
Vertical Analysis of Balance Sheets Consolidated balance sheets for Winged Manufacturing follow. Winged Manufacturing Consolidated Balance Sheets (dollars in thousands) December 31 ASSETS 2023 2023 Current assets: Cash and cash equivalents $1,203,488 $676,413 Short-term investments 54,368 215,890 Accounts receivable, net of allowance for doubtful accounts of $90,992 ($83,776 in 2022) 1,581,347 1,381,946 Inventories 1,088,434 1,506,638 Deferred tax assets 293,048 268,085 Other current assets 255,767 289,383 Total current assets $4,476,452 $4,338,355 Property, plant, and equipment: Land and buildings $484,592 $404,688 Machinery and equipment 572,728 578,272 Office furniture and equipment 158,160 167,905 Leasehold improvements 236,708 261,792 $1,452,188 $1,412,657 Accumulated depreciation and amortization (785,088) (753,111) Net property, plant, and equipment $667,100 $659,546 Other assets 159,194 173,511 Total assets $5,302,746 $5,171,412 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Short-term borrowings $292,200 $823,182 Accounts payable 881,717 742,622 Accrued compensation and employee benefits 136,895 144,779 Accrued marketing and distribution 178,294 174,547 Accrued restructuring costs 58,238 307,932 Other current liabilities 396,961 315,023 Total current liabilities $1,944,305 $2,508,085 Long-term debt 304,472 7,117 Deferred tax liabilities 670,668 629,832 Total liabilities $2,919,445 $3,145,034 Stockholders’ equity: Common stock, no par value: 320,000,000 shares authorized; 119,542,527 shares issued and outstanding in 2023 (116,147,035 shares in 2022) $297,929 $203,613 Retained earnings 2,096,206 1,842,600 Accumulated translation adjustment (10,834) (19,835) Total stockholders’ equity $2,383,301 $2,026,378 Total liabilities and stockholders’ equity $5,302,746 $5,171,412 Required: Question Content Area 1. Prepare common size balance sheets for vertical analysis. Enter your answers in percentage terms, rounded to two decimal places, and do not include the "%" sign with your answer. For example, "100.00" or "28.72". For those boxes in which underlying dollar amount is shown as negative, use a minus sign. You do not need to include the actual dollar amounts shown above. Total current assets fill in the blank 4345af08e053f8c_13% fill in the blank 4345af08e053f8c_14% Property, plant, and equipment: Land and buildings fill in the blank 4345af08e053f8c_15% fill in the blank 4345af08e053f8c_16% Machinery and equipment fill in the blank 4345af08e053f8c_17% fill in the blank 4345af08e053f8c_18% Office furniture and equipment fill in the blank 4345af08e053f8c_19% fill in the blank 4345af08e053f8c_20% Leasehold improvements fill in the blank 4345af08e053f8c_21% fill in the blank 4345af08e053f8c_22% fill in the blank 4345af08e053f8c_23% fill in the blank 4345af08e053f8c_24% Accumulated depreciation and amortization fill in the blank 4345af08e053f8c_25% fill in the blank 4345af08e053f8c_26% Net property, plant, and equipment fill in the blank 4345af08e053f8c_27% fill in the blank 4345af08e053f8c_28% Other assets fill in the blank 4345af08e053f8c_29% fill in the blank 4345af08e053f8c_30% Total assets fill in the blank 4345af08e053f8c_31% fill in the blank 4345af08e053f8c_32%
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 4PB
Related questions
Question
Vertical Analysis of Balance Sheets
Consolidated balance sheets for Winged Manufacturing follow.
Winged Manufacturing Consolidated Balance Sheets (dollars in thousands) |
||||
December 31 | ||||
ASSETS | 2023 | 2023 | ||
Current assets: | ||||
Cash and cash equivalents | $1,203,488 | $676,413 | ||
Short-term investments | 54,368 | 215,890 | ||
Accounts receivable, net of allowance for doubtful accounts of $90,992 ($83,776 in 2022) |
1,581,347 | 1,381,946 | ||
Inventories | 1,088,434 | 1,506,638 | ||
293,048 | 268,085 | |||
Other current assets | 255,767 | 289,383 | ||
Total current assets | $4,476,452 | $4,338,355 | ||
Property, plant, and equipment: | ||||
Land and buildings | $484,592 | $404,688 | ||
Machinery and equipment | 572,728 | 578,272 | ||
Office furniture and equipment | 158,160 | 167,905 | ||
Leasehold improvements | 236,708 | 261,792 | ||
$1,452,188 | $1,412,657 | |||
(785,088) | (753,111) | |||
Net property, plant, and equipment | $667,100 | $659,546 | ||
Other assets | 159,194 | 173,511 | ||
Total assets | $5,302,746 | $5,171,412 | ||
LIABILITIES AND |
||||
Current liabilities: | ||||
Short-term borrowings | $292,200 | $823,182 | ||
Accounts payable | 881,717 | 742,622 | ||
Accrued compensation and employee benefits | 136,895 | 144,779 | ||
Accrued marketing and distribution | 178,294 | 174,547 | ||
Accrued restructuring costs | 58,238 | 307,932 | ||
Other current liabilities | 396,961 | 315,023 | ||
Total current liabilities | $1,944,305 | $2,508,085 | ||
Long-term debt | 304,472 | 7,117 | ||
670,668 | 629,832 | |||
Total liabilities | $2,919,445 | $3,145,034 | ||
Stockholders’ equity: | ||||
Common stock, no par value: 320,000,000 shares authorized; 119,542,527 shares issued and outstanding in 2023 (116,147,035 shares in 2022) |
$297,929 | $203,613 | ||
2,096,206 | 1,842,600 | |||
Accumulated translation adjustment | (10,834) | (19,835) | ||
Total stockholders’ equity | $2,383,301 | $2,026,378 | ||
Total liabilities and stockholders’ equity | $5,302,746 | $5,171,412 |
Required:
Question Content Area
1. Prepare common size balance sheets for vertical analysis. Enter your answers in percentage terms, rounded to two decimal places, and do not include the "%" sign with your answer. For example, "100.00" or "28.72". For those boxes in which underlying dollar amount is shown as negative, use a minus sign. You do not need to include the actual dollar amounts shown above.
Total current assets | fill in the blank 4345af08e053f8c_13% | fill in the blank 4345af08e053f8c_14% |
Property, plant, and equipment: | ||
Land and buildings | fill in the blank 4345af08e053f8c_15% | fill in the blank 4345af08e053f8c_16% |
Machinery and equipment | fill in the blank 4345af08e053f8c_17% | fill in the blank 4345af08e053f8c_18% |
Office furniture and equipment | fill in the blank 4345af08e053f8c_19% | fill in the blank 4345af08e053f8c_20% |
Leasehold improvements | fill in the blank 4345af08e053f8c_21% | fill in the blank 4345af08e053f8c_22% |
fill in the blank 4345af08e053f8c_23% | fill in the blank 4345af08e053f8c_24% | |
Accumulated depreciation and amortization | fill in the blank 4345af08e053f8c_25% | fill in the blank 4345af08e053f8c_26% |
Net property, plant, and equipment | fill in the blank 4345af08e053f8c_27% | fill in the blank 4345af08e053f8c_28% |
Other assets | fill in the blank 4345af08e053f8c_29% | fill in the blank 4345af08e053f8c_30% |
Total assets | fill in the blank 4345af08e053f8c_31% | fill in the blank 4345af08e053f8c_32% |
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