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Prepare vertical analysis, round computations two decimal points. Any help is appreciated! ALLENDALE COMPANY Balance Sheets As of December 31 2019 2018 Assets Current assets
Prepare vertical analysis, round computations two decimal points.
Any help is appreciated!
ALLENDALE COMPANY Balance Sheets As of December 31 2019 2018 Assets Current assets Cash Marketable securities Accounts receivable (net) Inventories Prepaid items Total current assets Investments Plant (net) Land Total assets Liabilities and Stockholders' Equity Liabilities Current liabilities Notes payable Accounts payable 40,000 20,000 54,000 135,000 25,000 274,000 27,000 270,000 29,000 600,000 36,000 6,000 46,000 143,000 10,000 241,000 20,000 255,000 24,000 540,000 17,000 113,800 1 000 6,000 100,000Step by Step Solution
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