Question
Allstate Moving Company reported the following amounts on its balance sheet as of December 31, 2019 and December 31, 2018: 2019 2018 Cash and Receivables
Allstate Moving Company reported the following amounts on its balance sheet as of December 31, 2019 and December 31, 2018:
| 2019 | 2018 | |
| Cash and Receivables | $ 155 comma 000 |
$ 135 comma 000
| Merchandise Inventory | 165 comma 000 |
170 comma 000
| Property, Plant and Equipment, net | 760 comma 000 |
760 comma 000
| Total Assets | $ 1 comma 080 comma 000 |
$ 1 comma 065 comma 000
| Total Liabilities | $ 445 comma 000 |
$ 375 comma 000
For the vertical analysis, what is the percentage of current assets as of December 31, 2019? (Round your answer to two decimal places.)
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Introduction To AccountingAn Integrated Approach
Authors: Penne Ainsworth, Dan Deines
8th Edition
1119600103, 9781119600107
