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Prepare vertical analysis calculations by filling in the far right column of the following balance ...

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Prepare vertical analysis calculations by filling in the far right column of the following balance ...

Prepare vertical analysis calculations by filling in the far right column of the following balance sheet with the appropriate percentages.
   Treetops Corporation
   Balance Sheet
   December 31, 2014

   2014   Percent
Current assets
Cash   $10,000
Short-term investments   7,000
Accounts receivable, net   30,000
Inventory   37,000
Prepaid expenses   4,000
Total current assets   $ 88,000

Property, plant, and equipment, net   33,300
Other assets   37,000
Total assets   $158,300

Current liabilities
Short-term borrowings   $ 28,400
Accounts payable   20,000
Total current liabilities   $ 48,400

Non-current debt   37,500
Total liabilities   $ 85,900

Shareholders' equity
Common shares   $20,000
Retained earnings   52,400
   Total shareholders' equity   $72,400
Total liabilities and shareholders' equity   $158,300

Textbook

Exploring Microsoft Office 2013, Volume 2, Canadian Edition

Edition: 1^st

Authors: Grauer, Jenne, Igonor

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Good timing, thanks!

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