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Consider the following information: Cash Accounts receivable Inventory Long-term assets 2024 $600,000 930,000 2023 $230,000 760,000 540,000 730,000 2,200,000 $4,460,000 2,700,000 $4,230,000 Total assets
Consider the following information: Cash Accounts receivable Inventory Long-term assets 2024 $600,000 930,000 2023 $230,000 760,000 540,000 730,000 2,200,000 $4,460,000 2,700,000 $4,230,000 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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