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Brief Exercise 14-4 Using the following data from the comparative statements of financial position of Flounder NV. Inventory Accounts receivable Total assets December 31, 2017

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Brief Exercise 14-4 Using the following data from the comparative statements of financial position of Flounder NV. Inventory Accounts receivable Total assets December 31, 2017 1,077,060 C507,580 3,095,000 December 31, 2016 421,400 325,850 2,450,000 Illustrate vertical analysis. (Round percentages to 1 decimal place, c.9. 12.1%.) December 31, 2017 December 31, 2016 Amount Percentage Amount Percentage Inventory 1,077,060 Accounts receivable 507,580 C 3,095,000 % % % 421,400 325,850 2,450,000 Total assets

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