Prepare a vertical analysis of the balance

Question

The comparative condensed balance sheets of Garcia Corporation are presented below.

GARCIA CORPORATION Comparative Condensed Balance Sheets December 31
		2014		2013
Assets
Current assets		$ 75,960		$ 78,790
Property, plant, and equipment (net)		99,040		90,110
Intangibles		25,880		41,850
Total assets		$200,880		$210,750
Liabilities and stockholders' equity
Current liabilities		$ 40,310		$ 49,320
Long-term liabilities		140,650		149,710
Stockholders' equity		19,920		11,720
Total liabilities and stockholders' equity		$200,880		$210,750

(a) Prepare a horizontal analysis of the balance sheet data for Garcia Corporation using 2013 as a base.

GARCIA CORPORATION Condensed Balance Sheets December 31
		2014		2013			Increase (Decrease)		Percentage Change from 2013
Assets
Current Assets		$75,960		$78,790			$		%
Property, Plant & Equipment (net)		99,040		90,110					%
Intangibles		25,880		41,850					%
Total assets		$200,880		$210,750			$		%
Liabilities and Stockholders' Equity
Current Liabilities		$40,310		$49,320			$		%
Long-term Liabilities		140,650		149,710					%
Stockholders' Equity		19,920		11,720					%
Total liabilities and stockholders' equity		$200,880		$210,750			$		%

(b) Prepare a vertical analysis of the balance sheet data for Garcia Corporation in columnar form for 2014.

GARCIA CORPORATION Condensed Balance Sheet December 31, 2014
		Amount		Percent
Assets
Current Assets		$75,960		%
Property, Plant, and Equipment (net)		99,040		%
Intangibles		25,880		%
Total assets		$200,880		%
Liabilities and Stockholders' Equity
Current Liabilities		$40,310		%
Long-term Liabilities		140,650		%
Stockholders' Equity		19,920		%
Total liabilities and stockholders' equity		$200,880		%