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6. Varine Corp. reported the following amounts on its balance sheet at December 31, 2024 and 2023 (Click the icon to view the amounts)
6. Varine 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 Variline Corp. for 2024 and 2023 Begin by preparing a vertical analysis of Varine assets for 2024, then prepare a vertical analysis for 2023. (Round the percent of total amounts to one decimal place, XX%) Variline Optical Company Balance Sheet (partial) December 31, 2024 and 2023 Balance Sheet Data 2024 Percent of Total 2023 Percent of Total Cash and Receivables 28,380 % $ 35,400 2024 2023 Merchandise Inventory 18,040 Property, Plant and Equipment, Net 63.580 11,200 50,400 Cash and Receivables $ 28.380 $ 38.400- Merchandise Inventory 18.040 11,200 $ 110,000 $ 100,000 63,580 50,400 Total Assets Property, Plant, and Equipment, Net 110,000 $ 100,000 Total Assets Print Done
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