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Consider the following information: Cash Accounts receivable! Inventory Long-term assets. 2024 $590,000 2023 $290,000 920,000 740,000 730,000 570,000 1,900,000 2,700,000 $4,140,000 $4,300,000 Total assets
Consider the following information: Cash Accounts receivable! Inventory Long-term assets. 2024 $590,000 2023 $290,000 920,000 740,000 730,000 570,000 1,900,000 2,700,000 $4,140,000 $4,300,000 Total assets Required: Perform a vertical analysis for both years. (Round each percentage to one decimal place. Due to rounding, the percentages may not add up to exactly 100%.) 2024 2023 Cash % % Accounts receivable % % Inventory % % Long-term assets % % Total assets % %
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