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Consider the following information: Cash Accounts receivable. Inventory Long-term assets Total assets Required: 2024 $530,000 2023 $210,000 980,000 760,000 740,000 530,000 2,200,000 $4,450,000 2,500,000
Consider the following information: Cash Accounts receivable. Inventory Long-term assets Total assets Required: 2024 $530,000 2023 $210,000 980,000 760,000 740,000 530,000 2,200,000 $4,450,000 2,500,000 $4,000,000 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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