Analyzing Growth
Consolidated financial statements for Initech Corporation follow
3. Prepare common size balance sheets for vertical analysis for 2018 and 2019 in percentage terms. rounded to two decimal places). You do no need to include the actual dollar amounts shown above.
Concept introduction:
Vertical analysis is a way of comparison of two items in the respective statement. This means that every item of balance sheet is being compared with the total assets of the company and every item of income statement is being compared with the total sales of the period of the company.
To prepare:
The common size balance sheets for vertical analysis of year
The common size balance sheets used for vertical analysis:
Consolidated Balance Sheets | ||
ASSETS | ||
Current Assets | ||
Cash and cash equivalents | ||
Short-term investments | ||
Accounts and notes receivable, net of allowance for doubtful accounts of |
||
Inventories | ||
Deferred tax assets | ||
Other current assets | ||
Total Current Assets | ||
Property, plant, and equipment: | ||
Land and buildings | ||
Machinery and equipment | ||
Construction in progress | ||
Less: accumulated depreciation | ||
Property, plant, and equipment, net | ||
Long-term investments | ||
Other assets | ||
Total Assets | ||
LIABILITIES AND STOCKHOLDER’S EQUITY | ||
Current Liabilities | ||
Short-term debt |
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