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Malibu Optical Company reported the following amounts on its balance sheet at December 31, 2018 and 2017: (Click the icon to view the amounts.) Prepare

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Malibu Optical Company reported the following amounts on its balance sheet at December 31, 2018 and 2017: (Click the icon to view the amounts.) Prepare a vertical analysis of Malibu's assets for 2018 and 2017. Begin by preparing a vertical analysis of Malibu's assets for 2018, then prepare a vertical analysis for 2017. (Round the percent of total amounts to one decimal place, XX%) Malibu Optical Company Balance Sheet (partial) December 31, 2018 and 2017 2018 Percent of Total Cash and Receivables 67,830 % Merchandise Inventory 58,995 158,175 Property, Plant and Equipment, Net 285,000 Total Assets $ Data Table 2018 2017 64,680 Cash and Receivables Merchandise Inventory Property, Plant, and Equipment, Net 67,830 $ 58,995 158,175 51,205 129,115 285,000 S 245,000 Total Assets Print Done

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