Maximilian Corporation provided revenue disclosures for the current year by its major product segments in the notes to its financial statements as follows:? Maj or Product Segments Current Year (in millions) Petrol eum-based products $ 10 , 450 Industrial chemicals 9 , 460 Refined chemical products 8 , 575 Food additives 7 , 325 Emulsifiers 6 , 900 Pesticides 5 , 870 Salts 4 , 545 Wetting agents 3 , 215 Total revenues $ 56 , 340 ‾ \begin{array} { | l | r | } \hline{ extbf { Maj or Product Segments } } & \begin{array} { c } extbf { Current Year } \ extbf { (in millions) }\end{array} \\hline ext { Petrol eum-based products } & \$ 10,450 \\hline ext { Industrial chemicals } & 9,460 \\hline ext { Refined chemical products } & 8,575 \\hline ext { Food additives } & 7,325 \\hline ext { Emulsifiers } & 6,900 \\hline ext { Pesticides } & 5,870 \\hline ext { Salts } & 4,545 \\hline ext { Wetting agents } & 3,215 \\hline { ext { Total revenues } } & \underline{\$ 56,340} \\hline\end{array} Maj or Product Segments Petrol eum-based products Industrial chemicals Refined chemical products Food additives Emulsifiers Pesticides Salts Wetting agents Total revenues Current Year (in millions) $10 , 450 9 , 460 8 , 575 7 , 325 6 , 900 5 , 870 4 , 545 3 , 215 $56 , 340 Prepare a vertical analysis. Round to one decimal place.

Question

Maximilian Corporation provided revenue disclosures for the current year by its major product segments in the notes to its financial statements as follows:?     Maj   or   Product   Segments     Current   Year     (in   millions)    Petrol eum-based products  $ 10 , 450  Industrial chemicals  9 , 460  Refined chemical products  8 , 575  Food additives  7 , 325  Emulsifiers  6 , 900  Pesticides  5 , 870  Salts  4 , 545  Wetting agents  3 , 215  Total revenues  $ 56 , 340 ‾ \begin{array} { | l | r | } \hline{ 	extbf { Maj or Product Segments } }  &  \begin{array} { c } 	extbf { Current Year } \	extbf { (in millions) }\end{array} \\hline 	ext { Petrol eum-based products }  &  \$ 10,450 \\hline 	ext { Industrial chemicals }  &  9,460 \\hline 	ext { Refined chemical products }  &  8,575 \\hline 	ext { Food additives }  &  7,325 \\hline 	ext { Emulsifiers }  &  6,900 \\hline 	ext { Pesticides }  &  5,870 \\hline 	ext { Salts }  &  4,545 \\hline 	ext { Wetting agents }  &  3,215 \\hline { 	ext { Total revenues } }  &   \underline{\$ 56,340} \\hline\end{array}  Maj or Product Segments   Petrol eum-based products   Industrial chemicals   Refined chemical products   Food additives   Emulsifiers   Pesticides   Salts   Wetting agents   Total revenues  ​  Current Year   (in millions)  ​ $10 , 450 9 , 460 8 , 575 7 , 325 6 , 900 5 , 870 4 , 545 3 , 215 $56 , 340 ​ ​ ​   Prepare a vertical analysis. Round to one decimal place.

Nyesha Skinner · Accepted Answer

Final Answer :  *Difference in percentages due to rounding.      Maj   or   Product   Segments     Current   Year     (in   millions)     Percent    Petroleum-based products  $ 10 , 450 18.5 %  Industrial chemicals  9 , 460 16.8  Refined chemical products  8 , 575 15.2  Food additives  7 , 325 13.0  Emulsifiers  6 , 900 12.2  Pesticides  5 , 870 10.4  Salts  4 , 545 8.1  Wetting agents  3 , 215 5.7  Total revenues  $ 56 , 340 ‾ 100.0 ‾ % ∗ \begin{array} { | l | c | c | } \hline { 	extbf { Maj or Product Segments } }  &  \begin{array} { c } 	extbf { Current Year } \	extbf { (in millions) }\end{array}  &  	extbf { Percent } \\hline 	ext { Petroleum-based products }  &  \$ 10,450  &  18.5 \% \\hline 	ext { Industrial chemicals }  &  9,460  &  16.8 \\hline 	ext { Refined chemical products }  &  8,575  &  15.2 \\hline 	ext { Food additives }  &  7,325  &  13.0 \\hline 	ext { Emulsifiers }  &  6,900  &  12.2 \\hline 	ext { Pesticides }  &  5,870  &  10.4 \\hline 	ext { Salts }  &  4,545  &  8.1 \\hline 	ext { Wetting agents }  &  3,215  &  5.7 \\hline 	ext { Total revenues }  &   \underline{\$ 56,340}  &   \underline{\mathbf { 1 0 0 . 0 }} \%^* \\hline\end{array}  Maj or Product Segments   Petroleum-based products   Industrial chemicals   Refined chemical products   Food additives   Emulsifiers   Pesticides   Salts   Wetting agents   Total revenues  ​  Current Year   (in millions)  ​ $10 , 450 9 , 460 8 , 575 7 , 325 6 , 900 5 , 870 4 , 545 3 , 215 $56 , 340 ​ ​  Percent  18.5% 16.8 15.2 13.0 12.2 10.4 8.1 5.7 100.0 ​ % ∗ ​ ​

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