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Perform a vertical analysis for the balance sheet entry Accounts Receivable given below. (Round to the nearest tenth) Assets Current Assets Cash $23,000 Accounts Receivables
Perform a vertical analysis for the balance sheet entry "Accounts Receivable" given below. (Round to the nearest tenth)
Assets |
|
Current Assets Cash |
$23,000 |
Accounts Receivables | 16,000 |
Merchandise Inventory | 50,000 |
Supplies | 2,500 |
Total Current Assets | 91,500 |
Property, Plant, and Equipment Machinery and Equipment |
23,000 |
Total Assets | $114,500 |
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