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3) The Optical frame company reported the following amounts on its balance sheet at December 31, 2018 and 2019: 2019 2018 Cash and receivables 50,000
3) The Optical frame company reported the following amounts on its balance sheet at December 31, 2018 and 2019:
2019 2018
Cash and receivables 50,000 40,000
Merchandise inventory 40,000 45,000
Property and equipment 110,000 95,000
Total Assets 200,000 180,000
Prepare a vertical analysis of Tri-State assets for 2018 and 2019
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Modern Auditing
Authors: William C Boynton, Raymond N Johnson
8th Edition
0471230111, 978-0471230113
