Financial Statement Analysis

Problem-11: Financial Statement Analysis

Operating data for Navarro Corporation are presented below.

Instructions

Prepare a schedule showing a vertical analysis for 2020 and 2019

Solution

Navarro Corporation
Condensed Balance Sheets
For the Year Ended December 31

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Completing the Accounting Cycle  Adjusting the Accounts  Accounting for Merchandising Operations  The Recording Process  Accounting in Action  Inventories  Plant Assets, Natural Resources, and Intangible Assets  Accounting for Receivables  Accounting Information Systems  Corporations: Dividends, Retained Earnings, and Income Reporting  Current Liabilities and Payroll Accounting  Job Order Costing  Sets  Long-Term Liabilities  Corporations: Organization and Capital Stock Transactions