221 HW2 Ch 16-18

Question 8 of 10

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Using these data from the comparative balance sheets of Sheridan Company, perform a vertical analysis.

December 31, 2022		December 31, 2021

(Round percentages to 1 decimal place, e.g. 12.1%.)

	December 31, 2022						December 31, 2021
		Amount		Percentage				Amount		Percentage
Accounts receivable (net)		$404,800			%			$413,250			%
Inventory		850,080			%			715,350			%
Total assets		2,530,000			%			2,850,000			%

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