Financial information for Blevins Inc. is presented below

E14-1 Financial information for Blevins Inc. is presented below.

December 31, 2012 December 31, 2011
Current assets $125,000 $100,000
Plant assets (net) 396,000 330,000
Current liabilities 91,000 70,000
Long-term liabilities 133,000 95,000
Common stock, $1 par 161,000 115,000
Retained earnings 136,000 150,000

Instructions
Prepare a schedule showing a vertical analysis for 2012 and 2011.

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1-20 (Role of financial information for continuous improvement) Consider an organization that has empowered its employees, asking them to improve the quality, productivity, and responsiveness of their processes that involve repetitive work

1-20 (Role of financial information for continuous improvement) Consider an organization that has empowered its employees, asking them to improve the quality, productivity, and responsiveness of their processes that involve repetitive work. This work could arise in a manufacturing setting, such as assembling cars or producing chemicals, or in a service setting, such as processing invoices or responding to customers’ orders and requests. Clearly the workers would benefit from feedback on the quality (defect, yields) and process times. Be specific about the types of financial information that would be helpful and the specific decisions or actions that could be made better by supplementing physical and operational information with financial information.

Click here for the solution: 1-20 (Role of financial information for continuous improvement) Consider an organization that has empowered its employees, asking them to improve the quality, productivity, and responsiveness of their processes that involve repetitive work