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Examine the partial balance sheet vertical analysis below. ASSETS Cash Accounts Receivable Total Assets $97,500 15% $552,500 85% $650,000 100% LIABILITIES Accounts Payable $78,000 12%
Examine the partial balance sheet vertical analysis below. ASSETS Cash Accounts Receivable Total Assets $97,500 15% $552,500 85% $650,000 100% LIABILITIES Accounts Payable $78,000 12% Notes Payable Total Liabilities 50% EQUITY Total Equity $325,000 Based on the information shown, what is the correct amount and percentage of notes payable? $572,000, 88% $247000 38% $103,000, 62% $825,000 505 50%
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