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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, 2021 Dec. 31, 2022 column #1 column #2 Assets Cash $ 50,000 $ 20.000 Accts Receivable, net 25.000 15.000 Inventory 10.500 12.000 $ 85,500 $ 47.000 Total Current Assets Property Plant & Equipment Total Assets 255.000 265,600 $ 351,100 $ 302,000 Liabilities Accounts Payable $ 20,000 $ 50.000 Other liabilities 15,000 5.000 Debt 125.000 200.000 Total Liabilities $ 160,000 $ 255,000 Sales $ 50,000 $ 75,000 27.500 38.500 Cost of Goods Sold Gross Profit 22.500 36,500 Selling and Administrative Exp 17.000 16.250 Net Income $ 5,500 $ 20.250
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