Question
2020 2019 2018 Plant and Equipment $739 905 $685 585 $565 716 Total Assets $1404134 $1284822 $1116289 Vertical Analysis 52.7% 53.4% 50.7% I did a
| 2020 | 2019 | 2018 | |
| Plant and Equipment | $739 905 | $685 585 | $565 716 |
| Total Assets | $1404134 | $1284822 | $1116289 |
| Vertical Analysis | 52.7% | 53.4% | 50.7% |
I did a vertical analysis on Plant and Equipment from Balance Sheet . But I do not know how to interpret the result.
What does 52.7% mean? And the comparison between 2020, 2019 and 2018 figures (52.7 vs 53.4 vs50.7), what can be drawn from the results?
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
12th Edition
978-0073526706, 9780073526706
