Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Maximilian Corporation provided revenue disclosures for the current year by its major product segments in the notes to its financial statements as follows: Major Product
Maximilian Corporation provided revenue disclosures for the current year by its major product segments in the notes to its financial statements as follows:
Major Product Segments | Current Year (in millions) |
Petroleum-based products | $3,510 |
Industrial chemicals | 9,000 |
Refined chemical products | 8,600 |
Food additives | 7,300 |
Emulsifiers | 6,840 |
Pesticides | 5,870 |
Salts | 4,545 |
Wetting agents | 3,235 |
Total revenues | $48,900 |
Prepare a vertical analysis. Calculate the percentage to four decimal places, then round your answer to one decimal place. Do not enter the percent sign.
Maximilian Corporation | ||
Revenue Disclosures | ||
Major Product Segments | Current Year (in millions) | Percent |
Petroleum-based products | $3,510 | % |
Industrial chemicals | 9,000 | |
Refined chemical products | 8,600 | |
Food additives | 7,300 | |
Emulsifiers | 6,840 | |
Pesticides | 5,870 | |
Salts | 4,545 | |
Wetting agents | 3,235 | |
Total revenues | $48,900 | % |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started