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DON'T UNDERSTAND PLEASE ASSIST SSIST 6. Muscateer Corp. reported the following amounts on its balance sheet at December 31, 2018 and 2017: B (Click the
DON'T UNDERSTAND PLEASE ASSISTSSIST
6. Muscateer Corp. reported the following amounts on its balance sheet at December 31, 2018 and 2017: B (Click the icon to view the amounts.) Prepare a vertical analysis of Muscateer Corp. for 2018 and 2017. Begin by preparing a vertical analysis of Muscateer assets for 2018, then prepare a vertical analysis for 2017. (Round the percent of total amounts to one decimal place, X.X%.) Muscateer Optical Company Balance Sheet (partial) i Balance Sheet Data December 31, 2018 and 2017 2018 Percent of Total 2017 Percent of Total 2018 2017 Cash and Receivables $ % $ 48,620 % Cash and Receivables $ 42,880 $ 48,620 Merchandise Inventory 42,880 24,640 92,480 % % 14,560 66,820 Merchandise Inventory 24,640 92,480 Property, Plant and Equipment, Net % 14,560 66,820 % Property, Plant, and Equipment, Net $ 160,000 $ 130,000 Enter any number in the edit fields and then continue to the next question. Total AssetsStep by Step Solution
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