Asked by Gisselle Leyva on Jul 13, 2024
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Connie and Jill operate Reardon's Bakery which has the following segment revenues for the most recent two fiscal years. Prepare a vertical analysis. Round percentages to two decimal places.?? Segment Current Year (in thousands) Prior Year (in thousands) Cakes $691,000$662,000 Cupcakes 512,000550,000 Desserts 417,000468,000 Beverages 875,000‾815,000‾ Total revenues $2,495,000$2,495,000\begin{array} { | l | r | r | } \hline \text { Segment } & \begin{array} { c } \text { Current Year } \\\text { (in thousands) }\end{array} & \begin{array} { c } \text { Prior Year } \\\text { (in thousands) }\end{array} \\\hline \text { Cakes } & \$ 691,000 & \$ 662,000 \\\hline \text { Cupcakes } & 512,000 & 550,000 \\\hline \text { Desserts } & 417,000 & 468,000 \\\hline \text { Beverages } & \underline{ 875,000 } &\underline{ 815,000 } \\\hline{ \text { Total revenues } } & \mathbf { \$ 2 , 4 9 5 , 0 0 0 } & \mathbf { \$ 2 , 4 9 5 , 0 0 0 } \\\hline\end{array} Segment Cakes Cupcakes Desserts Beverages Total revenues Current Year (in thousands) $691,000512,000417,000875,000$2,495,000 Prior Year (in thousands) $662,000550,000468,000815,000$2,495,000
Vertical Analysis
A financial statement analysis method where each entry for a given year is presented as a percentage of a total figure.
Segment Revenues
The income generated from specific divisions or segments of a business.
Fiscal Years
A one-year period used for accounting and financial purposes, which may not necessarily coincide with the calendar year.
- Execute horizontal and vertical assessments of segment data or financial reports.
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Learning Objectives
- Execute horizontal and vertical assessments of segment data or financial reports.
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