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Please show work 5. Prepare a vertical analysis. Round percentages to one decimal place Tortoise Cleaning Corporation Comparative Balance Sheet December 31, 2019 and 2018
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5. Prepare a vertical analysis. Round percentages to one decimal place Tortoise Cleaning Corporation Comparative Balance Sheet December 31, 2019 and 2018 Dec. 31,2019 Dec. 31, 2018 Assets Current asscts Long-term investments Property, plant, and equipment (net) Intangible assets Total assets 500,200 1,200,450 9,750,000 1,685,000 $13,135,650 S 480,300 1,540,600 8,890,000 1,790,000 S12,700,900 Liabilities Current liabilities Long-term liabilities Total liabilitics S 700,100 7,685,000 $ 8,385.100 S 654,300 7,750,300 8,404,600 Stockholders' Equity Preferred 4% stock, $10 par Common stock, $4 par Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $875,600 2,190,000 1,230,700 S 4,296,300 $12,700,900 $877,600 2,450,000 1,422,950 $ 4,750,550 $13,135,650Step by Step Solution
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