Using the Following Information from an Annual Report, Prepare a Vertical

question 72

Essay

Using the following information from an annual report, prepare a vertical analysis of the consolidated balance sheet at June 30, 20xx. (Round percentage answers to one decimal place.)
$\begin{array}{c}\begin{array}{lll}\\\\\text {Cash and cash equivalents}\\\text {Accounts and other receivables}\\\text {Merchandise inventories}\\\text {Prepaid expenses and other current assets}\\ \text {Total current assets}\\\text {Real estate, net}\\\text {Othey, net}\\\text {Total property and equipment}\\\text {Goodwill net}\\\text {Other assets}\\\text {Total assets}\\\text {Short-term borrowings}\\\text {Accounts payable}\\\text {Accrued expenses and other current liabilities}\\\text {Income taxespayable}\\\text {Total current liabilities}\\\text {Long-term debt}\\\text {Deferred income taxes}\\\text {Other liabilities}\\\text {Total liabilities}\\\text {Common stock}\\\text {Additional paid-in capital}\\\text {Retained earnings}\\\text {Foreign currency transiation adjustments}\\\text {Treasury shares, at cost}\\\text {Total stockholders' equity}\\\text {Total liabilities and stoclholders' equity}\end{array}\begin{array}{lll}\text {June 30,20 x }\\\text {(In millions)}\\\$584\\182\\2,027\\\underline{80}\\\underline{\$2,873}\\\$2,342\\\underline{2.113}\\\underline{\$4,455}\\\$374\\\underline{651}\\\underline{\$8,353}\\\$278\\1,617\\836\\\underline{107}\\\underline{\$2,838}\\\$1,230\\362\\\underline{243}\\\underline{\$4.673}\\\$30\\453\\4,757\\(137)\\\underline{(1,423)}\\\underline{\$3,680}\\\$8,353\end{array}\end{array}$

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Definitions:

Genetic Endowment

The set of genes and genetic traits inherited from one's parents, influencing various aspects of physical and psychological development.

Sandra Scarr

An American developmental psychologist known for her work on genetic and environmental influences on human development.

Gregor Mendel

A scientist and Augustinian friar who is known as the father of modern genetics for his work on the inheritance of traits in pea plants.

Multifactorial Transmission

The determination of traits by a combination of both genetic and environmental factors in which a genotype provides a range within which a phenotype may be expressed.