The balance sheets for Federer Sports Apparel for 2022 and 2021 are presented below. Required:
Prepare a vertical analysis of the balance sheet data for 2022 and 2021. Express each amount as a percentage of total assets.
FEDERER SPORTS APPAREL
Balance Sheet
December 31
2022 2021
Amount % Amount %
Assets
Cash 2,756,500 896.000
Accounts receivable 1,720,500 1,232,000
Inventory 3,367,000 2,032,000
Buildings 13,024,000 13,024,000
Less: Accumulated depreciation (2,368,000) (1,184,000)
Total assets $ 18,500,000 $ 16,000,000
Liabilities and Stockholders' Equity
Accounts payable $ 1,591,000 $ 1,792,000
Contingent liability 1,850,000
Common stock 7,696,000 7,696,000
Retained earnings 7,363,000 6,512,000
Total liabilities and
stockholders' equity $ 18,500,000 $ 16,000,000

Reliability and validity reliability and validity are two important considerations that must be made with any type of data collection. reliability refers to the ability to consistently produce a given result. in the context of psychological research, this would mean that any instruments or tools used to collect data do so in consistent, reproducible ways. unfortunately, being consistent in measurement does not necessarily mean that you have measured something correctly. to illustrate this concept, consider a kitchen scale that would be used to measure the weight of cereal that you eat in the morning. if the scale is not properly calibrated, it may consistently under- or overestimate the amount of cereal that’s being measured. while the scale is highly reliable in producing consistent results (e.g., the same amount of cereal poured onto the scale produces the same reading each time), those results are incorrect. this is where validity comes into play. validity refers to the extent to which a given instrument or tool accurately measures what it’s supposed to measure. while any valid measure is by necessity reliable, the reverse is not necessarily true. researchers strive to use instruments that are both highly reliable and valid.

What is the present value of the following cash flow stream at a rate of 12.0%? years: 0 1 2 3 4| | | | |cfs: $0 $1,500 $3,000 $4,500 $6,000a. $9,699b. $10,210c. $10,747d. $11,284e. $11,849

China's new 5 percent tax on disposable wooden chopsticks, reflecting concerns about deforestation, has been praised by environmentalists. the move is hitting hard at the japanese, who consume 25 billion set of wooden chopsticks annually. almost all of the chopsticks used in japan come from china. the reuirements for chinese manufacturers of wooden chopsticks to pay the 5 percent tax is a factor in their external environment.