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help needed asap please!! Jackson Storage Company reported the following amounts on its balance sheet as of December 31, 2025 and December 31, 2024: 2025
help needed asap please!!
Jackson Storage Company reported the following amounts on its balance sheet as of December 31, 2025 and December 31, 2024: 2025 2024 Cash and Receivables $ 50,000 $ 115,000 Merchandise Inventory 160,000 110,000 770,000 Property, Plant and Equipment, net 800,000 Total Assets 2,060,000 2,100,000 Total Liabilities 500,000 450,000 For the vertical analysis, what is the percentage of Merchandise Inventory for December 31, 2025? (Round your answer to two decimal places. 7.778 Step by Step Solution
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