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A condensed balance sheet for People's Transport and a partially completed vertical analysis are presented below. Required: 1. Complete the vertical analysis by computing
A condensed balance sheet for People's Transport and a partially completed vertical analysis are presented below. Required: 1. Complete the vertical analysis by computing each missing line item as a percentage of total assets. 2-a. What percentage of People's's assets relate to inventory of parts and supplies? 2-b. What percentage of People's's assets relate to property and equipment? 2-c. Which of these two asset' groups is more significant to People's's business? 3. What percentage of People's's assets is financed by total stockholders' equity? By total liabilities? Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 28 Req 2C Req 3 Complete the vertical analysis by computing each missing line item as a percentage of total assets. (Round your answers to the nearest whole percent.) PEOPLE'S TRANSPORT Balance Sheet (summarized)
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