Question
McCormickMcCormick Optical Company reported the following amounts on its balance sheet at December 31: Cash and receivables . . . . . . . .
McCormickMcCormick Optical Company reported the following amounts on its balance sheet at December 31: Cash and receivables . . . . . . . . . . . . . . . . $48,125 Inventory . . . . . . . . . . . . . . . . . . . . . . . . . 36,225 Property, plant, and equipment, net . . . . . . 90,650 Total assets . . . . . . . . . . . . . . . . . . . . . . . $175,000 Perform a vertical analysis of McCormickMcCormick Optical Company's assets at year end.
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Cost Accounting Theory And Practice
Authors: Bhabatosh Banerjee
13th Edition
9788120349087
