8. Total current assets:
65,521
61,933
3,588
5.8
%
Property and Equipment (net)
3,322
3,402
80
2.4
%
Total Assets
101,191
91,759
9,432
10.3
%
Liabilities
Total Current Liabilities
22,192
17,731
4,461
25.2
%
Total Liabilities
42,063
40,458
1,605
4.0
%
Stockholders' Equity
Total Stockholders' Equity
59,120
51,286
7,834
15.3
%
Total Liabilities and Stockholders'
Equity
101,191
91,759
9,432
10.3
%
18. Prepare a vertical analysis in relation to sales (similar to the example on page 727 of
your textbook), with total revenue as the denominator, for the following items in the
income statement.
CISCO
Comparative Income Statement (Adapted)
Years ended July 27, 201 and 2012
Current Year
Previous Year
(Dollar amounts in
millions)
Amount Percent Amount Percent
9. Total Revenue $48,607
100%
$46,061
100%
Total Cost of Sales 19,167 39.4 17,852 38.8
Gross Profit 29,440 60.6 28,209 61.2
Research and
Development
5,942 12.2 5,488 12.0
Sales and Marketing 9,538 20.0 9,647 21.0
General, and
Admin. Expenses
2,264 4.7 2,322 5.0
Interest and other
income (loss), net
31 0.60 94 0.20
Income Tax Expense* 1,244 2.6 2,118 4.6
Net Income (Loss) $ 9,983 20.5 $ 8,041 17.5
(In the example you had Sales and Marketing and in the Syllabus you had Selling,
General and Admin. Expenses. I have added both to the vertical analysis.)