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6. Milatin Corp. reported the following amounts on its balance sheet at December 31, 2024 and 2023 (Click the icon to view the amounts.) Prepare
6. Milatin Corp. reported the following amounts on its balance sheet at December 31, 2024 and 2023 (Click the icon to view the amounts.) Prepare a vertical analysis of Milatin Corp. for 2024 and 2023. Begin by preparing a vertical analysis of Milatin assets for 2024, then prepare a vertical analysis for 2023. (Round the percent of total amounts to one decimal place, X.X%.) Balance sheet data Milatin Optical Company Balance Sheet (partial) December 31, 2024 and 2023 Percent of 2024 Total Percent of Total 2023 2024 2023 $ 29,520 % $ % $ 29,520 $ Cash and Receivables Merchandise Inventory 27,600 27,600 10,240 42,160 20,160 70,320 Cash and Receivables Merchandise Inventory 10,240 20,160 70,320 Property, Plant and Equipment, Net 42,160 Property, Plant, and Equipment, Net $ 120,000 $ 80,000 Total Assets $ 120,000 $ 80,000 Total Assets Print Done
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