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Matrix Optical Company reported the following amounts on its balance sheet at December 31, 2018 and 2017: E (Click the icon to view the amounts.)
Matrix Optical Company reported the following amounts on its balance sheet at December 31, 2018 and 2017: E (Click the icon to view the amounts.) Prepare a vertical analysis of Matrix's assets for 2018 and 2017. Begin by preparing a vertical analysis of Matrix's assets for 2018, then prepare a vertical analysis for 2017. (Round the percent of total amounts to one decimal place, X.X%.) Matrix Optical Company Balance Sheet (partial) December 31, 2018 and 2017 2018 Percent of Total $ 76,560 % Cash and Receivables Merchandise Inventory % 60,610 152,830 Property, Plant and Equipment, Net % $ 290,000 Total Assets % Data Table 2018 2017 Cash and Receivables $ 76,560 $ 70,125 Merchandise Inventory 60,610 152,830 50,490 134,385 Property, Plant, and Equipment, Net 290,000 $ 255,000 Total Assets Print Done
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