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Express each amount as a percentage of total assets

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Prepare a vertical analysis of Sports Unlimited's 2015 and 2014 balance sheets. Express each amount as a percentage of total assets for that year. (Amounts to be deducted should be indicated by a minus sign. Round your answers to 1 decimal place.)

SPORTS UNLIMITED
Balance Sheet
For the Years Ended December 31, 2015 and 2014
2015 2014
Amount % Amount %
Assets
Current assets:
Cash $126,000 $86,000
Accounts receivable 68,400 35,500
Inventory 70,800 93,500
Prepaid rent 9,000 4,500
Long-term assets:
Investment in bonds 77,400 0
Land 159,000 168,000
Equipment 142,800 139,500
Less: Accumulated depreciation (53,400) (27,000)
Total assets $600,000 $500,000
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable $36,600 $53,500
Interest payable 24,000 12,000
Income tax payable 16,800 13,500
Long-term liabilities:
Notes payable 178,800 124,500
Stockholders' equity:
Common stock 234,000 234,000
Retained earnings 109,800 62,500
Total liabilities and stockholders' equity $600,000 $500,000

Reference no: EM131715474

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