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In the chart below, to the right of the column of numbers are columns with blocks to fill in. Perform a vertical analysis and put
In the chart below, to the right of the column of numbers are columns with blocks to fill in. Perform a vertical analysis and put the correct answer in the appropriate blocks (2021 in the column #1 and 2022 in column #2) for the line line items Cash, A/R, Accounts Payable, Other Liabilities, Sales, and Selling & Admin Exp.. When necessary round to the nearest tenth. Dec. 31. Dec. 31, 2021 2022 column #1 column #2 Assets Cash $ 50,000 $ 20,000 Accts Receivable, 25,000 15,000 net Inventory 10,500 12.000 Total Current $ 85,500 $ 47,000 Assets Property Plant 265,600 255,000 & Equipment $ $ Total Assets 351,100 302,000 Liabilities $ 20,000 $ 50,000 Accounts Payable Other liabilities 15,000 5,000 Debt Total Liabilities 125,000 200,000 $ $ 160,000 255,000 Sales $ 50,000 $ 75,000 Cost of Goods Sold 27,500 38,500 Gross Profit 22,500 36,500 Selling and Administrative 17,000 16,250 Exp Net Income $ 5,500 $ 20,250
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