Vertical analysis. Mary Lynn Corporation has been operating for several years. Selected data from the 20X1 and 20X2 financial statements follow.
Vertical analysis. Mary Lynn Corporation has been operating for several years. Selected data from the 20X1 and
20X2 financial statements follow.
| 20X2 | 20X1 | |
| Current Assets | $86,000 | $80,000 |
| Property, Plant, and Equipment (net) | 99,000 | 80,000 |
| Intangibles | 25,000 | 50,000 |
| Current Liabilities | 40,800 | 48,000 |
| Long-Term Liabilities | 153,000 | 150,000 |
| Stockholders’ Equity | 16,200 | 12,000 |
| Net Sales | 500,000 | 500,000 |
| Cost of Goods Sold | 322,500 | 350,000 |
| Operating Expenses | 93,500 | 85,000 |
Prepare a vertical analysis for 20X1 and 20X2. Briefly comment on the results of your work.
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