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Brief Exercise 18-4 X Your answer is incorrect. Try again Using the following data from the comparative balance sheet of Goody Company December 31, 2017

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Brief Exercise 18-4 X Your answer is incorrect. Try again Using the following data from the comparative balance sheet of Goody Company December 31, 2017 December 31, 2016 Accounts receivable Inventory Total assets $452,500 $845,000 $433,840 $797,500 $3,190,000 $2,500,000 illustrate vertical analysis. (Round percentages to 1 decimal place, e.g. 12.1%.) December 31, 2017 December 31, 2016 Goody Company Balance Sheets Amount Percentage Amount Percentage Accounts receivable $452,500 $433,840 Inventory $845,000 $797,500 Total assets $2,500,000 $3,190,000

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