Vertical analysis (Learning Objective 2) 1015 min. The 2014 accounting records of Sullivan, Inc., showed the following:
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Vertical analysis (Learning Objective 2) 10–15 min.
The 2014 accounting records of Sullivan, Inc., showed the following: Cash, $14,400;
Net Accounts Receivable, $5,600; Inventory, $23,200; Prepaid Expenses, $2,400; Net Plant and Equipment, $34,400.
Construct a vertical analysis of the asset section of Sullivan, Inc., balance sheet for 2014.
AppendixLO1
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Related Book For 
Financial Accounting
ISBN: 9781292019543
3rd Global Edition Edition
Authors: Robert Kemp, Jeffrey Waybright, Pearson Education
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