Cornerstones of Managerial Accounting 6th Edition by Maryanne Mowen,Don Hansen ,Dan Heitger

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Vertical Analysis
Mike Sanders is considering the purchase of Kepler Company, a firm specializing in the manufacture of office supplies. To be able to assess the financial capabilities of the company, Mike has been given the company's financial statements for the 2 most recent years.


Refer to the information for Kepler Company above.
Required:
Note : Round all percentages to one decimal place.
1. Express each item in the asset section of the balance sheet as a percentage of total assets for each year.
2. Express each item in the liabilities and equity section as a percentage of total liabilities and equity for each year.
3. Express each item in the income statement as a percentage of sales for each year.