Question
Martin Optical Company reported the following amounts on its balance sheet at December 31, 2024 and 2023: (Click the icon to view the amounts.) Prepare
Martin Optical Company reported the following amounts on its balance sheet at December 31, 2024 and 2023: (Click the icon to view the amounts.) Prepare a vertical analysis of Martin's assets for 2024 and 2023. Begin by preparing a vertical analysis of Martin's assets for 2024, then prepare a vertical analysis for 2023. (Round the percent of total amounts to one decimal place. X.X%.) Martin Optical Company Balance Sheet (partial) December 31, 2024 and 2023 2024 Percent of Total Cash and Receivables $ 84,960 % Merchandise Inventory 58,410 % Property, Plant and Equipment, Net - 151,630 % $ 295,000 Total Assets i Data Table Cash and Receivables Merchandise Inventory Property, Plant, and Equipment, Net Total Assets Print Done - X 2024 2023 84,960 $ 76,950 58,410 57,855 151,630 150,195 295,000 $ 285,000
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